SOURCE: Vertafore, Inc.

July 01, 2008 17:11 ET

Vertafore Completes Acquisition of Sircon

BOTHELL, WA--(Marketwire - July 1, 2008) - Vertafore, Inc., a leading provider of software and services for the insurance industry, today announced that the acquisition of Sircon Corporation has closed as expected.

Sircon Corporation provides a comprehensive producer lifecycle platform that helps agents get licensed and appointed faster and allows companies to manage compliance and producer information. The company offers this platform as software-as-a-service (SaaS) to deliver immediate and compelling value to insurance carriers, insurance agencies and brokers, producers (agents) and state regulators for licensing, recruiting, contracting, regulatory compliance, education tracking and producer management.

"Sircon enhances Vertafore's ability to improve insurance channel productivity," said Euan Menzies, president and CEO, Vertafore. "Sircon's offerings will be valuable for our individual agents and our broker and carrier customers, and we believe Vertafore's leading position within the independent agent community will drive adoption and benefit Sircon's current customers."

About Vertafore, Inc.

Vertafore is a leading provider of software and services for the insurance industry, delivering solutions that create a competitive advantage for independent insurance agents, brokers, wholesalers and carriers by increasing their productivity and profitability. Vertafore's principal operating entities are AMS Services, SilverPlume and ImageRight. AMS Services provides agency software and services to more than 15,000 independent insurance agencies and 150,000 users. 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 content management and workflow solutions. For more information on Vertafore and its operating entities, please visit www.vertafore.com.

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