Brightstar Corp. Grows Its Stake In The Wireless Sector By Acquiring Risk Insure

By Staff Reporter

Nov 07, 2019 10:47 AM EST

Brightstar Corp. Grows Its Stake In The Wireless Sector By Acquiring Risk Insure(Brightstar Corp. Grows Its Stake In The Wireless Sector By Acquiring Risk Insure) (Credit: Getty Image)

Brightstar, a company involved in device lifecycle management, recently announced the acquisition of Risk Insure. The move allows Brightstar Corp. to broaden its portfolio in the wireless industry. The firm can now consolidate its activities in the Oceania region. 

Risk Insure, an Australian agency, is a prominent player in the Australian insurance underwriting market. It provides comprehensive solutions for small and big businesses. 

Risk Insure specializes in identifying the risk exposure of companies in the telecommunications sector and formulate custom insurance solutions. This approach contributed to the boosting of the agency's growth potential. Hence, Brightstar's keenness to tap into the lucrative Australia and New Zealand markets.

Expanding device protection services

The acquisition makes it easier for Brightstar to enhance its device protection services in the region. Clayton Bodnarek, VP of the Device Protection Services Division at Brightstar, believes that the move will boost the organization's fortunes. He stated that the acquisition dovetails with the company's innovative nature. 

Bodnarek feels optimistic about the future because the deal enables his organization to boost the organic growth of the device protection services. He also expressed satisfaction that the company continues to expand its foothold in the region and other parts of the world.

Adding value for customers

Smartphone users are grappling with the increasing costs of ownership; furthermore, Brightstar aims to provide practical solutions to the problem. As a result, the entity hopes to add value to its customer base. Tyler McGee, the Managing Director for Oceania, revealed that Brightstar plans to add value by leveraging insurance packages for smartphones as Softbank their parent company isn't afraid to spend for viable causes. 

This strategy contributed to the decision to acquire Risk Insure. In the end, it is a win-win situation for both customers and Brightstar. Smartphone users take advantage of enhanced device protection while the company boosts organic growth. 

McGee said the acquisition makes it easier to provide a comprehensive service to both operators and retailers. Smartphone users in the Oceania region enjoy peace of mind thanks to tailor-made insurance packages. 

A brighter future for the device protection market 

The founders of Risk Insure expressed satisfaction with the deal and their achievements. Grant Goldner, a co-founder at the insurance agency, noted that his entire team is proud of their operations and market positioning in Australia. Goldner is looking ahead to the future with optimism. 

He relishes the opportunity to build and provide support to the Australian customer base with Brightstar. The acquisition enables the entity to take its device protection service to new heights. It comes as no surprise that the management has expressed confidence in the organization's ability to make a significant impact in the Australian and New Zealand markets. 

Brightstar brings the much-needed global reach and scale, while Risk Insure provides expertise in mobile phone insurance. For more information please visit:  https://www.brightstar.com/newsroom/press-releases/brightstar-acquires-australia-based-insurance-underwriting-agency-risk-insure-strengthening-its-growing-presence-across-the-wireless-industry/

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