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.