The global organisation hopes the purchase will help add value for its Oceania customers

Global device lifecycle management business Brightstar, a subsidiary of SoftBank Group, has acquired South Australian insurance broker Risk Insure, to offer greater value to its customers in Australia and New Zealand.

Risk Insure focuses on general insurance and insurance facilities for the telephone communications industry, providing insurance products for commercial and corporate businesses. It specialises in identifying risk exposure and designing insurance programmes for telecoms clients.

Clayton Bodnarek, global vice president of device protection sales at Brightstar, said: “Brightstar has long been known for its innovative nature, and this acquisition gives us the opportunity to organically grow our device protection services within Oceania region.

“We’re pleased that Brightstar continues to invest in the growth of device protection in this region and around the world.”

Enhancing support

Brightstar operates across 57 countries, including the UK. It works with carrier, retail and enterprise customers, aiming to make mobile technology accessible.

Tyler McGee, regional managing director for Oceania at Brightstar, added: “Risk Insure will help us provide a holistic service for retailers and operators, offering tailored insurance solutions that provide peace of mind to consumers across Australia and New Zealand.”

Grant Goldner, co-founder at Risk Insure, said: “By combining our success with Brightstar’s global reach and scale, we’ll be able to take our device protection capabilities to the next level.

“Together, Risk Insure and Brightstar are poised to make a significant impact on Australian mobile phone insurance.”