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SpatialNews Press Release
TowerStreet Integrates MapInfo Technology; Adds Powerful
Territory-Location and Data-Verification Tool
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WINDSOR, Conn., April 30, 2001--TowerStreet, a leading provider of insurance software
and services, has integrated advanced technology from MapInfo Corporation into its online point-of-sale (POS) products.
MapInfo provides mapping and geographic information systems that locate and verify specific addresses.
TowerStreet is using the technology to automatically assign ISO and carrier-specific insurance rating territories, as well
as to instantly validate and verify address information on applications, even for new homes or new streets.
"This is a key step in assuring clean, verified data before a piece of business is rated," said Frank Amoruso,
TowerStreet president and CEO. "By integrating MapInfo technology, we provide highly accurate geographic data based
on latitude and longitude. This lets us assign territories with greater precision and also lets our customers take advantage of
related Internet services included in TowerStreet's POS products, such as online maps and driving directions.
"MapInfo is providing TowerStreet with a powerful location-based suite, which enables TowerStreet agents and
carriers to better serve their customers," said Michael Hickey, executive vice president, sales & marketing at MapInfo.
"Using MapInfo's technology, agents and carriers can easily and accurately answer questions regarding the location of
current and future customers, rate territories, and sales regions. This solution is ideal for meeting the location intelligence
needs of the insurance industry."
TowerStreet is the largest provider of desktop and Web-hosted comparative rating systems, underwriting reports, and
automated workflow solutions in the insurance industry. Strengthened by its consolidation with Insurance Information
Exchange (iiX) and Rating Services in February, 2001, TowerStreet streamlines the delivery of insurance information and
services to more than 20,000 customers. For more information, visit www.towerstreet.com.
MapInfo Corporation enables customers to use location to transform information into business advantage. A global
company and technology leader, MapInfo provides business intelligence solutions that are deployed across organizations
to help them better understand their markets and customers. MapInfo solutions are available in 21 languages through a
network of strategic partners and distribution channels in 60 countries. Headquartered in Troy, NY, MapInfo Corporation
is on the World Wide Web at www.mapinfo.com.
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