ReSource Pro acquires TowerIQ

ReSource Pro, a provider of business process solutions for the insurance industry, has acquired TowerIQ, a P&C insurance focused technology platform offering a variety of solutions such as no-code custom forms, proposal builder, e-signatures, and client portals. The Boston-based startup was founded in 2017 and raised $6.5 million in funding.

TowerIQ CEO Adam Demos will continue to lead the TowerIQ team as a director with ReSource Pro, joined by TowerIQ’s current staff. According to Epstein, further investments in the TowerIQ team are expected in the months ahead.

“The TowerIQ platform allows us to work better with client data and deliver faster and more accurate solutions for our customers. For many of our clients, TowerIQ will provide a transformative capability to leverage insured data to better manage complex risks.” – Dan Epstein, CEO of ReSource Pro.

“Through ReSource Pro, we have an opportunity to join an established and fast-growing industry leader committed to next generation technology that helps agents, brokers and carriers operate more efficiently. We’re thrilled to join ReSource Pro and look forward to enhancing the data management experience of ReSource Pro’s clients.” – TowerIQ CEO Adam Demos.