SAN DIEGO, Calif. — Mitchell International issued a statement today detailing its path forward after discontinuing the merger review proceedings with the Federal Trade Commission (FTC), for a proposed merger with CCC Information Services.
"Our team is excited to expand upon the momentum we have created in the market," said Alex Sun, president and CEO of Mitchell International. "We delivered a number of exciting new products in 2008 and have even more in store for 2009 as we continue to execute our vision of enabling partners to more easily connect and collaborate both inside and outside their traditional boundaries."
Over the past year, top tier insurance carriers have selected Mitchell’s WorkCenter to unify core components of their claims process — from assignment and dispatching to estimating and uploading of claims for review, to performing total loss valuations and re-inspections, and finally, approving claims for payment. The WorkCenter provides a single unified workspace built upon next generation technologies that allow carriers to seamlessly interact and streamline workflows. "We are encouraged that the Mitchell WorkCenter is receiving such a positive reception from our customers and we are excited to expand upon this success with major enhancements planned across all modules in 2009," said Marc Brungger, executive vice president, Auto Physical Damage, Mitchell International.
With respect to the collision repair market, Mitchell will launch UltraMate 7 and a new version of ABS Enterprise this year. Each of these new releases will deliver dramatic improvement in product usability and shop efficiency, according to the company. Mitchell is also announcing the launch of the Mitchell RepairCenter — a next generation repair-focused collaborative workspace — at NACE 2009. Mitchell intends to share RepairCenter with select customers in the coming months.
In terms of casualty products, Mitchell continues to lead the auto casualty and workers compensation industries with its Decision Point, SmartAdvisor and ClaimIQ suite of solutions. "We are intensely focused on developing solutions that address the full spectrum of casualty claims," said Dave Torrence, senior vice president, Mitchell Medical. Mitchell will launch next generation versions of Decision Point and ClaimIQ, and has been selected by several large insurers for its fully compliant e-billing and payment solution to ensure compliance in states, such as Minnesota. It has also recently expanded its suite of provider network services to create the most comprehensive network coverage across the country.
These development plans are the product of an invigorated company that is investing aggressively in research and development on the heels of the company’s best financial performance in its 63-year history, said Sun.
"Mitchell is as strong as ever, and I attribute that to maintaining great relationships with our valued partners," remarked Sun. "Our product teams are extremely energized about executing our vision, and as always, our sales and service teams are committed to upholding our proud tradition of service excellence."