800-948-2651

Category Archives: Press Releases

Patriot Technology Solutions Recognized Among the Top 20 Most Promising Insurance Technology Solution Providers of 2017 by CIOReview

Company Release – 5/31/2017 4:15 PM ET

FORT LAUDERDALE, Fla., May 31, 2017 (GLOBE NEWSWIRE) — Patriot Technology Solutions, LLC (“Patriot Technology”), a subsidiary of Patriot National, Inc. (NYSE:PN), has been named one of the 20 Most Promising Insurance Technology Solution Providers for 2017 as selected by the editors of CIOReview Magazine.

CIOReview chose Patriot Technology based on its customer-driven insurance solutions, insurance suite, and professional consulting services that drive efficiency and help its clients to focus on their core business.

“On behalf of the entire Patriot technology team, we are delighted to be named one of 20 Most Promising Insurance Technology Solution Providers. We believe our products are revolutionizing the way insurance carriers do business today and truly appreciate the recognition by CIO Review,” said Judith Haddad, Patriot Technology’s President and CEO.

The recognition, included annually in the Insurance Technology edition of CIOReview, can be seen in the full 2017 list, available online here.  The list is comprised of companies that leverage the latest trends to deliver a better customer experience with innovative solutions based on the most advanced technologies available today.

About Patriot National

Patriot National, Inc. is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, and self-funded health plans to its insurance carrier clients, employers and other clients. Patriot National is headquartered in Fort Lauderdale, Florida.  For more information about Patriot National, please visit www.patnat.com.

About Patriot Technology Solutions, LLC

Patriot Technology Solutions (“Patriot Technology”) is a leading provider of technology solutions for the property and casualty insurance industry. Patriot Technology focuses on insurance solutions that spotlight a full core insurance suite solution with implementation expertise and including; professional and consulting services and enterprise data analytics with a cloud-based SaaS model. Patriot Technology delivers solutions that provide carriers with premium growth, policyholder retention while lowering their cost of acquisition and reducing their overall servicing cost. Patriot Technology Solutions is headquartered in Fort Lauderdale, Florida with offices worldwide. For more information about Patriot Technology, please visit www.ptsglobal.com.

About the CIOReview Magazine’s Most Promising Companies

CIOReview magazine annually identifies, selects and ranks the Most Promising Insurance Technology Companies to reveal the business practices that had made these companies both highly regarded and successful. For more information about the full list of 20 Most Promising Insurance Technology Solution Providers 2017, please visit: www.cioreview.com.

Media and Investor Contact:
Cindy Campbell
Director of Investor Relations
Patriot National, Inc.
(954) 670-2907
CCampbell@patnat.com

Patriot National Announces Review of Strategic Alternatives

Company Release – 5/30/2017 6:45 AM ET

FORT LAUDERDALE, Fla., May 30, 2017 (GLOBE NEWSWIRE) — Patriot National, Inc. (NYSE:PN) (the “Company”), a leading provider of technology and outsourcing solutions to the insurance industry, announced today that its Board of Directors has formed a new special committee of independent directors (the “Special Committee”) to explore and review a range of strategic alternatives for the Company.

There is no assurance that this review will result in any strategic alternatives being announced or consummated. The Company does not intend to discuss or disclose further developments during this process unless and until the Board of Directors of the Company has approved a specific action or otherwise determined that further disclosure is appropriate.

About Patriot National
Patriot National, Inc. is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, and self-funded health plans to its insurance carrier clients, employers and other clients. Patriot National is headquartered in Fort Lauderdale, Florida.  For more information about Patriot National, please visit www.patnat.com.

Forward-Looking Statements
This press release may include statements that may be deemed to be forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “Guidance,” and similar expressions are used to identify these forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties, and there are important factors that could cause actual results to differ materially from those indicated in these statements, including those matters contained in our filings with the Securities and Exchange Commission. With respect to the Company’s exploration of strategic alternatives, there is no assurance that the process will result in any transaction or other action by the Company, that any transaction or other action will be consummated, or that any transaction or other action will maximize stockholder value. Potential risks and uncertainties related to strategic alternatives include, among others, the impact of the announcement of the exploration of strategic alternatives on the Company’s business, its financial and operating results and its employees and customers; factors affecting the feasibility and timing of any transaction or other action; the ability to identify and close any transaction; and risks related to realization of the expected benefits of any transaction or other action to the Company and its stockholders. Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance or events and that results may differ materially from statements made in or suggested by the forward-looking statements contained in this press release. Any forward-looking statement that we may make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statement or to publicly announce the results of any revision to any of those statements to reflect future events or developments, except as required by law.

Media and Investor Contact:
Cindy Campbell
Director of Investor Relations
Patriot National, Inc.
(954) 670-2907
CCampbell@patnat.com

Patriot National Announces New Appointment to Board of Directors

Print ET | Source: Patriot National

FORT LAUDERDALE, Fla., April 27, 2017 (GLOBE NEWSWIRE) — Patriot National, Inc. (NYSE:PN), a leading provider of technology and outsourcing solutions to the insurance industry, announced today the appointment of Ernest Csiszar to the Board of Directors, effective today. Mr. Csiszar will serve as the Chairman of the Audit Committee.
Continue reading

Patriot National Announces Sale of Global HR Research

Print ET | Source: Patriot National

FORT LAUDERDALE, Fla., April 04, 2017 (GLOBE NEWSWIRE) — Patriot National, Inc. (NYSE:PN) (“Patriot National” or “the Company”), a leading provider of technology and outsourcing solutions to the insurance industry, today announced that it sold, on April 3, 2017, substantially all of the assets of Global HR Research (“Global HR”), a pre-hire intelligence solutions provider, to a subsidiary of Renovo Capital, LLC for total consideration of up to $30 million.
Continue reading

Patriot Technology Solutions Selected by South Carolina State Accident Fund

Print ET | Source: Patriot National

FORT LAUDERDALE, Fla., March 27, 2017 (GLOBE NEWSWIRE) — Patriot Technology Solutions, Inc. (“Patriot Technology”), a subsidiary of Patriot National, Inc. (NYSE:PN), today announced that the South Carolina State Accident Fund (“SAF”), the leading provider of workers’ compensation insurance in South Carolina, has chosen Patriot Technology’s flagship platform, PN InsuranceExpert™, to replace and modernize its current claims, policy and forms systems.
Continue reading

Patriot National Reports Results for the Fourth Quarter and Year Ended December 31, 2016; Provides 2017 Outlook

Print ET | Source: Patriot National

FORT LAUDERDALE, Fla., March 14, 2017 (GLOBE NEWSWIRE) — Patriot National, Inc. (NYSE:PN), (“Patriot National” or “the Company”) a leading provider of technology and outsourcing solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2016. Continue reading

Patriot National to Release Fourth Quarter and Full Year 2016 Financial Results on March 14 — Company Changes Date of Earnings Announcement

Print ET | Source: Patriot National

FORT LAUDERDALE, Fla., March 02, 2017 (GLOBE NEWSWIRE) — Patriot National, Inc. (NYSE:PN) will release its fourth quarter and full year 2016 financial results before market open on Tuesday, March 14, 2017 instead of Thursday, March 9, 2017 as previously announced.
Continue reading

Patriot National Announces Earnings Release and Conference Call for Fourth Quarter and Full Year 2016 Financial Results

Print ET | Source: Patriot National

FORT LAUDERDALE, Fla., Feb. 13, 2017 (GLOBE NEWSWIRE) — Patriot National, Inc. (NYSE:PN), a leading provider of technology and outsourcing solutions, announced today that it will release its fourth quarter and full year 2016 financial results before market open on Thursday, March 9, 2017.
Continue reading

Global HR Research and iCIMS Announce Partnership to Streamline and Enhance Pre-Employment Screening

Print ET | Source: Patriot National

FORT LAUDERDALE, Fla., Jan. 31, 2017 (GLOBE NEWSWIRE) — Global HR Research, a subsidiary of Patriot National, Inc. (NYSE:PN), and leading provider of pre-hire intelligence solutions including talent screening, talent assessment, and talent acquisition, today announced a partnership with iCIMS, Inc., a leading provider of cloud-based talent acquisition solutions.
Continue reading