SOURCE: ImageRight

October 03, 2007 09:10 ET

ImageRight Acquires Computers by Design

ImageRight to Extend Its Solutions With Retail Agency Division

CONYERS, GA--(Marketwire - October 3, 2007) - ImageRight, a Vertafore company and market leader in insurance-specific document management and workflow solutions, today announced the acquisition of Computers by Design (CBD), Inc. CBD provides imaging and document management solutions, like its popular CBDDoc, for the insurance industry. CBD will function as the retail agency division of ImageRight.

"This acquisition will allow us to extend our document management solutions into the agency sector," said Don Elias, co-founder and principal of ImageRight. "CBD has a strong agency base and a solution that is highly complementary with the document management products we already offer. Our combined capabilities will enable ImageRight to deliver leading solutions to all segments of the insurance distribution chain -- agencies, wholesale brokers, MGAs and carriers. Additionally, our combined solutions will enable us to improve the management and flow of documents across the insurance industry."

The CBD document management solution, CBDDoc, was specifically designed to meet the needs of insurance agencies and brokerages. CBDDoc allows agencies to attach any type of document to a customer's file regardless of its originating location, application or mail system. Documents are indexed and saved using CBDDoc document-saving technology. Examples of managed documents include scanned images, received faxes, Microsoft Word documents and e-mail. CBD currently has more than 100 retail customers across the country. Steven Finch and Hani Esoo of CBD will continue in key leadership roles for CBD and will be spearheading the expansion of CBD's presence in the retail agency and broker market segment.

"CBD has been providing document management and submission solutions to retail agents for more than a decade," said Steven Finch, executive vice president of CBD. "This expertise and existing product line, combined with ImageRight's leadership in the carrier and MGA market, will allow for the development of innovative document distribution and presentation solutions."

Financial details of the transaction were not disclosed.

About ImageRight

ImageRight provides insurance-focused data imaging, content management and workflow systems that deliver unprecedented productivity gains and customer service improvements to more than three hundred companies. The ImageRight solution provides more than 350 companies with complete document and content management, coupled with advanced workflow automation that is scalable for insurance operations of all sizes. For more information on ImageRight, please visit www.imageright.com.

About Vertafore, Inc.

Vertafore is a leading provider of specialized software services and information for the insurance industry, delivering solutions to facilitate independent agent productivity and carrier/agent connectivity. Vertafore's principal operating entities are AMS Services, BenefitPoint, SilverPlume and ImageRight. AMS Services provides agency software and services to more than 15,000 independent insurance agencies and 150,000 users. BenefitPoint's Aptus solution is the leading management system solution serving the needs of brokers and agents within the employee benefits arena. SilverPlume is the industry's leading aggregator of insurance reference content for risk analysis and underwriting support. ImageRight is a market leader in insurance-specific document management and workflow solutions. For more information on Vertafore and its operating entities, please visit www.vertafore.com.

AMS, BenefitPoint, Aptus, ImageRight and SilverPlume are trademarks of Vertafore, Inc. The names of actual companies, business units and products mentioned herein are trademarks of their respective owners.

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