Sedgwick acquires software as a service firm

Sedgwick Claims Management Services Inc. said Wednesday it has acquired software as a service company G&E Enterprises LLC.

Financial terms of the deal were not disclosed.

Seven staff of Chattanooga, Tennessee-based G&E Enterprises will join the Sedgwick team, Memphis, Tennessee-based Sedgwick said.

G&E Enterprises offers a billing and data management system for insurance restoration contracting known as T&M Pro.

The software will strengthen Sedgwick’s loss adjusting services in the areas of commercial property support, estimate review processes and mitigation and reconstruction bill review, Sedgwick said in a statement.

The software also speeds up payments to insurance restoration contractors and gives insurers greater visibility into claims, Sedgwick said.