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TPG Capital's Dick Boyce Makes Significant Investment in Torrent Technologies, Joins Board of Directors
TPG Capital's Dick Boyce Makes Significant Investment in Torrent Technologies, Joins Board of Directors
SEATTLE, May 5 /PRNewswire/ -- Torrent Technologies, Inc. (Torrent)
announced today that it has named Dick Boyce to its Board of Directors. Mr.
Boyce is a Partner of TPG Capital (TPG), one of the nation's largest private
equity firms, with a portfolio of over 50 companies representing over
$125 billion in revenue. He founded and leads TPG's Operating Group, which
drives performance improvement across all TPG portfolio companies.
Mr. Boyce, who made a personal investment in Torrent, served as the Chief
Executive Officer of J.Crew Group, Inc., from 1997 to 1999, and as a board
member from 1997 until 2006. He became Chairman of Burger King Corporation in
2002 and continues to serve on its board of directors. Additionally, he has
served on the boards of several other TPG portfolio companies, including Del
Monte Foods, ON Semiconductor and Gate Gourmet.
"Torrent's technology platform is one of the things that impressed me most
about this company, giving them a distinct value proposition over that of
their competitors." While Torrent's technology platform is poised to
revolutionize the flood insurance industry, it was Torrent'sMontana-based
operations center and customized servicing philosophy that first caught
Boyce's attention. "I am very impressed with how much this management team has
accomplished in such a short period of time and look forward to helping them
continue to become the leading solution provider of flood insurance technology
and business services," said Boyce.
"To attract someone of Dick's caliber to Torrent underscores the quality
leadership Torrent continues to surround itself with in the marketplace,"
commented Travis Pine, Torrent's founder, CEO and Chairman. Pine founded
Torrent in early 2005 by leveraging contemporary technology to create a more
efficient and FEMA-compliant solution in an industry with a limited and
antiquated competitive landscape. Torrent has signed 10 insurance carriers to
its technology platform, TorrentFlood(R), and recently opened aWashington,
D.C. office to pursue federal government contracts.
About Torrent Technologies
Torrent Technologies is a business services company that leverages
contemporary technology to more effectively enable private insurance carriers
to participate in the National Flood Insurance Program. Torrent was founded in
February 2005 and has offices inSeattle, Washington,Kalispell, Montana and
Washington, D.C. For more information please visit http://www.torrentcorp.com.
Contact: Travis Pine, CEO of Torrent Technologies, Inc, +1-206-336-1902
SOURCE Torrent Technologies, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: Tags: Computers and Electronics, Insurance, Banking and Finance, High Tech, california, massachusetts, montana, district of columbia
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