SAN DIEGO – Alex Sun, president and CEO of Mitchell International, has released the following statement regarding the failed merger between Mitchell and CCC:
To Our Valued Clients and Partners,
For the past 11 months, we have been pursuing a merger with CCC Information Services, Inc.—all in the interest of bringing more value to our customers and to the market as a whole. As you are probably aware, the Federal Trade Commission (in simple terms) opposed the transaction. As a result of their opposition, Mitchell has now altogether ended its pursuit of a merger.
That was then. This is now.
It’s now time to look to the future. At the least, given these uncertain economic times, the year ahead will be full of challenges. But that just makes our job clearer. We have emerged from this experience with an intense focus and a distinct vision for how we will contribute to your success.
A vision for the insurance company.
For insurance companies, it means keeping you continually moving ahead towards more efficient, accurate claims handling. Improved claims handling is integral to any carrier's success, and Mitchell is aggressively investing in bringing solutions to the marketplace that don’t just do more—they do it better, faster, and cheaper.
A vision for the collision repair shop owner.
For collision repair shop owners, Mitchell means a better chance at becoming a high-performance, growth enterprise. We want to put the most desirable and high-functioning business optimization tools into your hands. It’s all about moving ahead and doing business better—both inside your own walls and outside with all of your industry partners.
New today from Mitchell—and a look into what’s to come in 2009.
You’ll quickly see we never stopped investing, developing, and launching Mitchell-invented solutions over the past year. Whether our solutions were meant to be offered by the merged company or as Mitchell-only products, it did not slow us from our core purpose of delivering even better products that enhance collaboration within the industry.
Mitchell WorkCenter: WorkCenter represents a claims workflow choice for insurance companies that drives speed, flexibility, collaboration, reduced loss adjustment expense—and creates the foundation for a versatile workforce without the usual investment pain.
Mitchell RepairCenter: This may be the first time you've heard of our RepairCenter solution, scheduled for a late 2009 launch. With the industry-leading ABS shop management system in our DNA, RepairCenter represents the ultimate vision of bringing a truly repair-focused operating system to the industry. Simply stated, Mitchell's RepairCenter will be the virtual “repair center”—connecting the right information to the right people easier and faster than ever before.
Casualty Solutions Market Leadership: Be it Mitchell’s acquisition of what is now the SmartAdvisor division or our gains made in Decision Point, ClaimIQ and other casualty solutions we offer, Mitchell enters 2009 as the leading auto casualty and workers' compensation cost-containment company.
Moving ahead.
As you can see, we’re moving on and moving ahead when it comes to all things Mitchell. And we’d like to think that’s how you’ve always known us to be—as the business partner you can always trust in any situation. This time it’s no different. We’re very positive about what the future holds for you and our company, making this the best time to be a Mitchell customer!
My sincere thanks go to you for choosing Mitchell. Your success is what it’s all about.
