5 September 2014News

Argo invests in tech firm

Argo Group US has invested in Gleason Technology, a technology solutions company that provides automated inspection, food safety and related capabilities to various industries in domestic and international markets.

Argo said the investment will enable Gleason Technology to accelerate sales growth and broaden its technology offerings.

“Argo Group has enjoyed a long-standing business relationship with Gleason Technology,” commented Argo Group president and chief executive officer Mark Watson. “Their innovative inspection technology solutions improve risk management and reduce costs, resulting in a strong value proposition for companies and their insurance carriers. We see this as a mutually beneficial investment given their track record and growth potential within and beyond the insurance arena.”