Complex sentence: Exigen Group was founded in 1999 by Alec Miloslavsky and Greg Shenkman with the goal of developing Business Process Utilities (BPU), more specifically, business process automation solutions for the insurance and financial services industries.
Split into simpler sentences: Exigen Group was founded in 1999 by Alec Miloslavsky and Greg Shenkman. Exigen started with the goal of developing Business Process Utilities (BPU): business process automation solutions for the insurance and financial services industries.