Brightstar to acquire insurance company


US based distributor says it expects to complete the acquisition of eSecuritel in the next 10 days as it looks to add more services to its product offering

US distributor Brightstar has reached an agreement to acquire mobile and wireless insurance service provider eSecuritel for an undisclosed sum.

It expects the deal to be completed within the next ten days.

Brightstar says the acquisition will all it to integrate eSecuritel’s handset protection service into its global services platform.

Brightstar founder and chief executive Marcelo Claure (pictured) said of the deal: “This strategic acquisition reinforces our commitment to continue investing in wireless solutions that provide real value to our customers.

“The acquisition will combine eSecuritel’s suite of cell phone protection and replacement programs, proprietary IT systems and processes along with Brightstar’s global logistics, device sourcing and IT customization capabilities.”

Atlanta based eSecuritel chief executive David Leach said the opportunity to join Brightstar would put the company in a stronger position.

“We will continue to offer operators, retailers and consumers cell phone protection services of the highest quality, and can now do so as part of a multi-billion dollar global services company.

Mobile phone protection programs are increasingly attractive to consumers as they seek to protect expensive devices.

Brightstar says the product offering from eSecuritel offers retailers, operators and dealer customers a reliable product replacement cycle