JAVLN buys organiseit to boost APAC insurtech reach

New Zealand-based insurtech provider JAVLN has acquired Australian document management specialist organiseit, in a deal that extends its presence in insurance and financial services across the Asia-Pacific region.

The transaction brings together JAVLN's cloud-based insurance software with organiseit's document management system, which has a longstanding user base in Australia. JAVLN said the move also strengthens its own document management product, Officetech.

The acquisition follows JAVLN's recent AUD $6 million capital investment. The company has signalled an expansion strategy across APAC, with a focus on insurance intermediaries in Australia and New Zealand.

Organiseit, often referred to as OIT, was founded by husband-and-wife team Raymond Hatch and Jane Davies. The business has focused on digital document storage and organisation for insurance firms and related sectors.

JAVLN said the combined teams and products will allow it to widen its document management portfolio and extend its position with brokers, agencies and underwriting teams. The company already works with thousands of insurance professionals across Australia and New Zealand.

Insurtech focus

JAVLN positions itself as a technology provider for brokers, agencies and underwriters who want cloud-based policy, client and claims management. The addition of OIT introduces a larger installed base of Australian customers and a mature document management product into its portfolio.

The company said the integration of OIT's technology with JAVLN Officetech would support a more unified document management approach for insurance clients. It said the strategy centres on a single cloud-native system for storing and handling documents with a focus on security, compliance and usability.

JAVLN's leadership said the OIT acquisition also aligns with its ambition to update core insurance operations through connected systems. It described document management as mission-critical in a sector that handles large volumes of customer and policy records.

David Leach, Chief Executive of JAVLN, said the OIT team and customers will sit within the wider JAVLN group.

"We are delighted to welcome the talented OIT team and their partners into the JAVLN family, to support our core mission: to help insurance brokers, agencies, and underwriters evolve into super powered risk advisers. We will achieve this by providing them with a digital ecosystem that is easy-to-use, inherently secure, and compliance-friendly," said David Leach, CEO, JAVLN.

Australian footprint

OIT has operated as a document management software provider focused largely on the insurance industry. Its system replaces paper-based filing with a digital repository, and stores a range of file types including documents, emails, spreadsheets and scanned records.

The founders have run the business as a family-owned company. Hatch and Davies developed OIT as a central filing platform, which integrates with other industry software used by brokers and intermediaries.

Hatch said the sale to JAVLN marks a transition as the founders move into retirement.

"As my wife Jane and I head into retirement, we're so happy to have found the perfect home for our employees and customers. OIT's loyal customer base, combined with JAVLN's secure cloud platform, creates powerful synergies that benefit everyone. This move ensures the long-term viability and innovation that critical business software needs," said Hatch.

JAVLN said OIT customers will continue to receive service on existing products. It said any future migration to the JAVLN platform would focus on continuity of operations for those users.

Customer impact

The combined business will concentrate on document management for insurance and financial services customers in Australia and New Zealand. JAVLN highlighted several areas that it expects to develop under the integrated structure.

The company plans ongoing investment in product development for document management, with regular feature updates and enhancements. It also aims to maintain a security and compliance posture that includes SOC 2 standards across its products.

JAVLN said it expects cloud-based scalability to be a key feature of its offering for both existing and new customers. It will use its existing cloud infrastructure as the main environment for future deployments and upgrades.

The acquisition closes a year in which JAVLN completed a capital raise, rolled out product enhancements, and made several senior leadership appointments. The company said it will outline further integration steps for OIT customers as it progresses its growth plans across Australia, New Zealand and wider APAC markets.