INDIANAPOLIS, March 22, 2012 (GLOBE NEWSWIRE) -- Brightpoint, Inc. ("BrightPoint") (Nasdaq:CELL), a global leader in providing device lifecycle services to the wireless industry, today announced that its subsidiary Brightpoint North America L.P. ("BrightPoint Americas") has entered into an agreement with Service Net Warranty, LLC., a subsidiary of Chartis.
Under the terms of the agreement, BrightPoint Americas and Chartis will together be able to offer a comprehensive suite of wireless device lifecycle services and protection programs for the subscriber and pre-pay markets. BrightPoint Americas will provide forward and reverse logistics, including the repair, refurbishment and recycling of wireless devices. Chartis companies will offer insurance/service contract solutions customized to client needs, and a loyalty program designed to optimize customer service and client retention.
"We provide warranty and extended service plan administration for many of the world's largest and most respected wireless and consumer electronics brands," said James Mostofi, President of the U.S. Warranty Division of Chartis. "We see tremendous opportunities to leverage our capabilities to drive customer engagement and retention. This agreement is a natural fit for both Chartis and BrightPoint Americas."
"This agreement demonstrates BrightPoint's commitment to extending its expertise in reverse logistics, repair, refurbishment, asset disposition, and life cycle management to the wireless device insurance and extended warranty market," stated J. Mark Howell, President, BrightPoint Americas. "Our current and future customers will benefit from the combination of BrightPoint's best in class end-to-end integrated device life cycle solutions, and Chartis' full spectrum of warranty and extended service plan administration and services."
About Chartis
Chartis is a world leading property-casualty and general insurance organization serving more than 70 million clients around the world. With one of the industry's most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.
Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.chartisinsurance.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.
About Brightpoint, Inc.
Brightpoint, Inc. (Nasdaq:CELL) is a global leader in providing device lifecycle services to the wireless industry. In 2011, BrightPoint handled more than 112 million wireless devices globally. BrightPoint's 5 key service areas – Plan, Market, Customize, Move, Recover – offer over 110 innovative services, such as distribution channel management, procurement, inventory management, reverse logistics and repair services, software loading, kitting and customized packaging, fulfillment, product customization, eBusiness solutions, and other outsourced services that integrate seamlessly with its customers' IT systems and operations. BrightPoint's effective and efficient platform allows its customers to benefit from rapidly deployed, flexible and cost effective solutions. BrightPoint has more than 4,000 employees, as well as a significant number of temporary staff, and a global footprint covering more than 35 countries, including 13 Latin American countries through its investment in Intcomex, Inc. In 2011, BrightPoint generated revenue of $5.2 billion, from customers in over 75 countries. BrightPoint provides distribution and customized services through over 100,000 points-of-sale and to over 25,000 B2B customers worldwide. Additional information about BrightPoint can be found on its website at www.BrightPoint.com, or by calling its toll-free Information and Investor Relations line at 877-IIR-CELL (877-447-2355).