Broadspire News

Broadspire names Patrick Funck chief information officer

Plantation, Fla. ( January 17, 2006 ) - Broadspire, a Platinum Equity company and a leading provider of casualty and disability claims management to companies in North America, has named Patrick Funck senior vice president and chief information officer. Funck joins Broadspire from CNA, where he held the position of vice president in information technology responsible for underwriting and claim initiatives including strategy.

Funck has successfully developed large-scale enterprise systems for claims and reinsurance processing, data warehousing, document management and managed care. In addition, Funck also pioneered corporate software and hardware platforms that provided new business capabilities and reduced operating costs.

He began his career in 1988 as a programmer/analyst at Zurich Financial Services and served as a manager and director before becoming vice president of IT claim systems for the company. Funck holds a MBA in Finance and International Business from the Illinois Institute of Technology Stuart School of Business and a Bachelor of Science in Computer Science from Northern Illinois University.

"Pat's experience in systems strategy and development will be invaluable as we address our casualty claims system needs," said Dennis Replogle, Broadspire president and CEO. "Pat will be responsible for all IT applications associated with the casualty business, as well as Broadspire's IT infrastructure.

About Broadspire

Broadspire ( www.choosebroadspire.com ), a Platinum Equity company, offers the broadest array of absence management services in the industry. Those services include workers' compensation, auto liability, general liability and short- and long-term disability claim management services; Family Medical Leave Act administration; total disability management programs; field care and medical management services; and risk and safety consulting. Broadspire, based in Plantation, Fla., with 2,800 employees throughout the United States, creates customized solutions designed to increase employee productivity and contain costs.

About Platinum Equity

Platinum Equity ( www.platinumequity.com ) is a global M&A&O firm specialized in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, software, telecommunications, logistics, manufacturing, health care products and entertainment distribution. Since its founding in 1995 by entrepreneur Tom Gores, Platinum Equity has acquired more than 50 businesses with more than $11 billion in aggregate revenue at time of acquisition.

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Contact:
Kathy Bradley
Office: 954-693-1135 Cell: 954-552-3275
kbradley@choosebroadspire.com