Bermuda-based insurer and reinsurer Argo Group International Holdings Ltd has made an investment in Gleason Technology.

Gleason is a technology solutions company that provides automated inspection, food safety and related capabilities to various industries in domestic and international markets.

The investment by Argo’s US subsidiary will enable Gleason to accelerate sales growth and broaden its technology offerings, according to a statement from Argo released yesterday.

The size of the investment was not disclosed.

Gleason Technology’s GleasonCCPI (Critical Control Point Inspection) platform for “All Things Inspected” operates on Android devices. Through real-time on-site data capture, coupled with cloud-based storage and retrieval, clients can automate volumes of recurring tasks across locations while centralising reporting and monitoring.

Argo says that “among financial and other operational benefits, this leads to enhanced compliance with regulatory standards, including OSHA health and safety, food HACCP safety, FDA-required sanitation and others”.

The platform supports products such as GleasonESP (Electronic Slip and Fall Prevention), used by grocery stores, supermarkets, convenience stores and other businesses to positively influence employee behaviour, improve operational efficiency and reduce accidents.

“Argo Group has enjoyed a long-standing business relationship with Gleason Technology,” Argo Group chief executive officer Mark Watson said. “Their innovative inspection technology solutions improve risk management and reduce costs, resulting in a strong value proposition for companies and their insurance carriers.

“We see this as a mutually beneficial investment given their track record and growth potential within and beyond the insurance arena.”