It has been a busy week of Mergers and Acquisitions within the Mortgage Field Services Industry to say the least. In the latest round of takeovers, Property Preservation Wizard sold to Xactware on the 28th of July, 2019. Bob Whelan had this to say in a statement to consumers,
I have exciting news.
Since 2015, PPW has integrated with XactPRM, a tool that assists and speeds cost estimating in property preservation. On August 28, 2019, PPW was acquired by Xactware, the company responsible for developing XactPRM as well as a host of industry-leading tech solutions for property insurance, restoration, and property repair. Xactware belongs to the Verisk family of businesses, serving the insurance, underwriting, and property industries around the world. Xactware is the first and only company to offer end-to-end solutions between work order management and property repair estimating.
What does this mean for you? In the short term, you won’t see any changes in the way you access or use PPW products. In the long run, you can look forward to better integration and more unified support between PPW and Xactware solutions.
I want to emphasize that this new stage in PPW‘s relationship with Xactware is an entirely good thing for the future of our products and our relationship with you. I cannot express how thankful I am for you and the confidence you’ve placed in us over the years.