Click here to close now.




















Welcome!

@CloudExpo Authors: Liz McMillan, Srinivasan Sundara Rajan, Dan Koloski, Pat Romanski, Elizabeth White

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
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Public Cloud IaaS started its life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in adop...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to tran...
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at DevOps Summit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.
Countless business models have spawned from the IaaS industry. Resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. In his General Session at 16th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, broke down what we've got to work with and discuss the benefits and pitfalls to discover how we can best use them to d...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
SYS-CON Events announced today that Agema Systems will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Agema Systems is the leading provider of critical white-box rack solutions to data centers through the major integrators and value added distribution channels.
"Our biggest growth area has been the security services, the managed services - the things that differentiate us in the market that there is no client that's too small and there's no client that's too big," explained Paul Mazzucco, Chief Security Officer at TierPoint, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share w...