Skywire Software has announced the spin off its line of iWave Integrator integration software.

Skywire Software, a global provider of software and services to the insurance, financial services, and legal and professional services industries, has announced the spin off its line of iWave Integrator integration software into an independent company under the name iWave Software.

According to a statement, the creation of the new company solidifies iWave Software as a leading independent vendor of IT service management integration software, and positions the company for entry into the fast-growing run book automation market.

“iWave has a 15-year history of providing mission-critical ITSM integration solutions to a global customer base,” said Patrick Brandt, president and chief executive of Skywire Software.

“As an independent company, iWave Software is well positioned for a new phase of rapid growth beyond ITSM integrations into the dynamic IT process automation market. Customers will see real benefits from iWave Software’s new status as an independent developer of IT integration and automation software.”

Brent Rhymes, who previously served as general manager for iWave Integrator, has been named president and chief executive of the new company.

Mr Rhymes brings more than 16 years of direct industry experience in senior management, sales and marketing to iWave Software. As well as co-founding two successful technology startup companies, Mr Rhymes has also held senior executive positions at Microsoft, IBM and Exxon.