Welcome!

@CloudExpo Authors: John Basso, Elizabeth White, Liz McMillan, Pat Romanski, Cloud Best Practices Network

News Feed Item

Torrent Technologies on Track for Record Growth; Expands Leadership Team, Technology and Product Offerings

SEATTLE, Nov. 5, 2012 /PRNewswire/ -- Torrent Technologies, Inc. announced today that it is on track for another year of record growth in 2012, fueled largely by TorrentFlood®, the industry's leading flood policy and claims administration system.   

Since its inception in 2005, Torrent has rapidly acquired market share in an industry that has been widely stagnant for decades due to legacy technology and antiquated service options.  Torrent's leading product, TorrentFlood®, has fundamentally changed the way private insurance carriers operate in the National Flood Insurance Program (NFIP) by providing real-time processing and intuitive tools that promote higher accuracy with much lower overhead.  Torrent's growth, coupled with the rapid adoption of the TorrentFlood® platform, has put the company in a position to begin extending its products and services into a broader market.

"Our vision for Torrent is to leverage the flexibility and power of our software, infrastructure, and industry expertise to deliver the best products and services to our customers.  Now, we are investing in ways to expand our flood platform to augment our current offerings for related industries," said Travis Pine, founder and CEO.  

With its core business enjoying record growth, the company plans to unveil new products and services in the coming months.  In support of this expansion, Torrent is migrating its software platform to the Cloud, providing customers with a next-generation infrastructure that is inherently highly secure and scalable, further widening the technology gap between Torrent and its competitors.  "We are the first and only flood servicing company to leverage this technology," Pine added.

Strengthening its Leadership Team to Expand into New Markets

Torrent's success has enabled it to expand into new markets, building on its industry expertise and flagship product, TorrentFlood® to provide innovative solutions to other underserved insurance channels and more broadly, financial services. For the past several years, Torrent Government Contracting Services, a wholly owned subsidiary of Torrent Technologies, has supported a major NFIP contract and is aggressively seeking to deepen its footprint in future government contracts. 

Additionally, Pine is restructuring Torrent to add business units and leadership needed to support future growth.  It includes wholly owned subsidiary, Torrent Insurance Solutions, LLC, based in Kalispell, MT, which will continue to focus on traditional flood channels as well as seek new opportunities in insurance. Pine has named Doug Fraley as CEO of this new business unit, with Torrent co-founder, Theresa 'TJ' Johnston continuing as President and COO. Pine remains CEO and Chairman of the parent company, Torrent Technologies, Inc., staying active in flood, while expanding the corporate footprint.

Fraley brings more than 20 years of insurance leadership to Torrent, half of which have been in flood. "Many think of Torrent as a technology leader because we offer a platform that is far superior to anything available in the flood insurance market today," Fraley said.  "But we are a business services company first, leveraging the most comprehensive and leading technology to provide our customers with products, service levels and capabilities that are simply unmatched in this industry.  Seeing first-hand the power of the TorrentFlood® platform and just how far ahead Torrent's technology and service levels were, made me decide to join this company."

About Torrent Technologies

Torrent Technologies is a business services company that leverages its proprietary technology platform TorrentFlood® to effectively enable private insurance carriers and financial institutions to participate in the National Flood Insurance Program.  Founded in 2005, Torrent has offices in Seattle, WA, Kalispell, MT and Washington, D.C.  Torrent Insurance Solutions LLC and Torrent Government Contracting Services are wholly owned subsidiaries of Torrent Technologies. For more information, visit www.torrentcorp.com.

SOURCE Torrent Technologies, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@CloudExpo Stories
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on real world deployments of DDoS mitigation strategies in every layer of the network. He will give an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He will also outline what we have found in our experience managing and running thousands of Linux and Unix managed service platforms and what specifically c...
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will shares the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...