MassPrinting Technology Investment Supports 17% Insurance Growth in 2017
Technology and personnel investments continue as MassPrinting grows by both clientele and demand
BOSTON, Mass. - March 8, 2018 - MassPrinting today announced it achieved 17% growth in year-over-year insurance revenue in 2017. This growth was driven by current client renewals and implementations with new clients, investments in technology software, and the addition of key personnel.
Significant traction for growth in 2018 is already being seen with several prospects expected to sign, this on the heels of four signed contracts already since January 1st.
MassPrinting’s commitment to investing in innovative technology and simple solutions continues to prove that they are ready, willing, and able, to help clients meet challenges faced by those in the insurance industry.
“2017 was a big year for technology advancements for both MassPrinting and the insurance industry,” said Andy Pallotta, President of MassPrinting. “We realized it was important for us to not only continue our technology investments but to add specialized roles in our staff to provide more efficient and timely implementations while also strengthening the company’s insurance technology expertise.”
Investment in technology - MassPrinting strengthened the ability to provide technology services, data management, and hosting through infrastructure, software, and staff investments. As a result, MassPrinting was able to offer expanded services to Commonwealth Financial Network by hosting their quarterly financial statements and providing data management and processing services. In addition, these investments allow MassPrinting to offer data composition and re-engineering services to current and future insurance clients.
Staff expansion - MassPrinting increased its headcount by 14% and established two new positions - Vice President of Operations and Technology (Barry Crawford) and Lead Developer (Ken Rosenbusch).
Insurance clients - Insurance client revenue increased by 17% as a result of bringing on six new BriteCore clients and The General, as well as extending the Homesite Insurance contract for an additional five years .
Commercial printing - Continued relationships with the Boston Red Sox, Fenway Sports Group, MLB, BC High, and the New England Patriots. Signed several local contracts including Telescope Furniture, Boston Dental, and Gingerbread Construction Co.
About MassPrinting Inc.
MassPrinting has over twenty years of experience providing document output solutions to meet customer needs. Our vast experience working with insurance carriers has enabled us to know their specific challenges so we can deliver simple solutions through innovative technology.