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Patra has hired Tony Li as its Chief Technology Officer (CTO) to lead the company’s technology development initiatives. The hiring comes as part of the company’s continued growth and expanded focus on technology, software-based solutions and new InsurTech applications.

Leading industry publication Insurance Business America released Top Insurance Workplaces report for 2018, a snapshot of the US insurance sector, and Patra is featured prominently on the list.

Inc. Magazine ranked Patra No. 2,236 on its 36th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. Patra ranked 30th of the more than 70 firms on the list representing the insurance industry. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment: independent, small and midsized businesses. Companies such as Microsoft, Dell, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.

Patra is announcing the launch of an industry-wide product and new technology acquisition. The product, CertVault, is a cloud-based repository and delivery system designed to secure and streamline the delivery of certificates of insurance. Patra is also acquiring QBIS, an Oakland-based InsurTech platform facilitating broker and MGA connection to carrier systems.

Patra Corporation has hired Bob Murphy, a leader from the financial technology services industry, as its new Chief Revenue Officer (CRO).  In the newly created position, Murphy, will oversee sales, marketing and strategic direction for the company, a leading provider of technology-enabled business process solutions for the insurance industry.