November 20, 2009 (FinancialWire) — Sword Group (NYSE: SWP) said it has acquired the full share capital of privately-held Boston-based AgencyPort, a provider of insurance distribution technology.

Founded in 2000, AgencyPort provides web-based software and solutions to property and casualty insurance companies to automate distribution.

Coinciding with the acquisition Steve Hauck, co-founder of AgencyPort, will lead Sword’s insurance division as CEO in the Americas and AgencyPort co-founder Eric Harnden will take on the Global role of CTO for Sword in insurance.

Sword Group has operations in 37 countries, and employs over 1700 people. The company provides support to customers across insurance & healthcare, energy, banking & finance, telecoms, utilities, engineering & construction and government.

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