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Aquarium Software and WEX Announce New Virtual Payments Agreement for Niche Insurance Payments

WEX grows in insurance payment space and Aquarium expands their product coverage to include streamlined claims payments

SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Jul. 21, 2016-- WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced a new virtual payments agreement with global insurance technology provider Aquarium Software. Aquarium specializes in developing solutions for niche insurance sectors including pet, travel and gadget. With the agreement in place, WEX is increasing its presence in the insurance payment space in both Europe and the US; this is the first insurance for the company’s European entity.

Jim Pratt, SVP and GM for Virtual Payments, WEX Inc., said, “At WEX we continuously seek new ways to grow and expand our business offerings so that we can provide our customers with more powerful and effective solutions. Insurance is a key growth industry for WEX and we are truly excited about our co-operation with such an established technology innovator like Aquarium.”

Mark Colonnese, Sales and Marketing Director, Aquarium Software, said, “As a global leader in dedicated software for the insurance sector, Aquarium is delighted to be working in partnership with WEX. Aquarium can now optimize an end to end payment solution which will further assist not only our pet insurance clients but also pet parents themselves. In future releases we look forward to using WEX’s virtual payment gateway across other areas of our niche insurance technology business.”

Pioneered in 2000, WEX virtual payments are available in all major international currencies and are used in over 190 countries worldwide and in more than 45 currencies.

About WEX Inc.

WEX Inc. (NYSE: WEX) is a leading provider of corporate payment solutions. From its roots in fleet card payments beginning in 1983, WEX has expanded the scope of its business into a multi-channel provider of corporate payment solutions representing more than 9 million vehicles and offering exceptional payment security and control across a wide spectrum of business sectors. WEX serves a global set of customers and partners through its operations around the world, with offices in the United States, Australia, New Zealand, Brazil, the United Kingdom, Italy, France, Germany, Norway, and Singapore. WEX and its subsidiaries employ more than 2,000 associates. The Company has been publicly traded since 2005, and is listed on the New York Stock Exchange under the ticker symbol “WEX.” For more information, visit www.wexinc.com and follow WEX on Twitter at @WEXIncNews.

About Aquarium Software

Aquarium Software is a global thought leader and systems integrator of software solutions designed to evolve with any business. Currently implemented by a number of key insurers and affinity partners in the UK, Europe, USA and Canada, Aquarium Software was the first developer in the UK to truly create a cloud based technology platform that is easily maintainable and infinitely adaptable. When it comes to integrating data, automating process and producing intelligent management information, there’s no one better equipped than Aquarium.

For further information, contact Aquarium Software on +44 (0)161 927 5620 or visit www.aquarium-software.com

Source: WEX Inc.

WEX Inc.
News media contact:
Robert Gould, 207-523-7429
Robert.Gould@wexinc.com
or
WEX Europe
News media contact:
Riina Sulonen, +44 208 080 9336
Riina.Sulonen@wexeurope.com
or
Aquarium Software
News media contact:
BeyondPR
Jon Gardner, +44 (0)114 275 6996
jon.gardner@beyondpr.co.uk