NuGrowth Solutions reaches deal to acquire subsidiary of State Auto Financial Corp.

NuGrowth buying subsidiary of State Auto Financial

COLUMBUS, Ohio — Software sales and development company NuGrowth Solutions has inked a deal a buy a subsidiary of State Auto Financial Corp., a property and casualty insurance holding company.

Terms of NuGrowth’s deal to acquire Strategic Insurance Software were not disclosed Wednesday.

SIS was founded in 1995 to design and sell agency management systems that allow independent agents to enter and process business directly with their company partners.

NuGrowth has provided business development, sales and e-communications services to SIS since 2008.

Both NuGrowth and State Auto Financial Corp. are based in Columbus, Ohio.

State Auto Financial shares rose 15 cents to $17.38 in Wednesday trading.