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Polaris Partners invests in NetRate Systems

NetRate Systems, Inc., an Okemos, Mich.-based workflow platform for commercial insurance, secured an undisclosed amount of funding from Boston-based private investment firm Polaris Partners LLC.

Dan Lombard, a partner at Polaris Partners, will join NetRate's board as part of the investment.

Founded by David and Karen Jordan and led by recently appointed President and CEO Paul Areida, NetRate Systems supplies commercial lines submission, underwriting, rating, policy issuance, and data reporting and analysis solutions to the property and casualty insurance marketplace.