Connecture, Inc. and Riverwood Solutions Combine To Create Clear Industry Leader in Insurance Sales Automation

Jul 08, 2004, 01:00 ET from Connecture, Inc.

    ATLANTA, July 8 /PRNewswire/ -- Connecture, Inc. and Riverwood Solutions,
 Inc. today announced that they have completed the merger of their respective
 organizations.  The merger of the two leading providers of sales and service
 automation solutions for the insurance industry allows the combined company to
 offer expanded functionality, increase its ongoing investments in product
 development and delivery activities, and better serve its current and future
 clients through expanded critical mass, product flexibility and financial
     "The merger between Connecture and Riverwood Solutions creates the clear
 industry leader in what was until now a highly fragmented market," said Scott
 Remley, Chairman and Chief Executive Officer of the company.  "The new company
 merges two highly successful and complementary organizations, both solely
 focused on delivering web-based sales and service automation to the insurance
 industry.  Each company brings deep domain expertise and experience gained
 from serving over 30 insurers, including 6 of the nation's 10 largest health
 plans.  Together, we will utilize this unmatched critical mass of over 220
 highly skilled professionals and proven software functionality to better serve
 our current and future clients."
     "Connecture and Riverwood Solutions each possess very robust, highly
 complementary, and remarkably similar software solutions," indicated Dan
 Maynard, President and COO of the combined company.  "We remain committed to
 delivering solutions on both our Microsoft and J2EE platforms as we view both
 platforms as critical to our current customer base, as well as a clear
 differentiator in the marketplace.  Providing choice in functionality,
 technology platforms and deployment paths is essential to effectively meeting
 the rapidly growing needs of the entire insurance marketplace."
     The new company will operate under the name of Connecture, Inc. and retain
 existing operations in Atlanta GA and Waukesha WI.
     About Connecture
     Connecture is solely focused on delivering integrated web-based sales and
 service automation solutions to the health insurance industry.  Connecture has
 automated elements of the insurance sales process for over 30 health and life
 organizations and its solutions currently support the sales and servicing of
 over $20 billion in annual premiums.  Its industry-proven solutions encompass
 the entire spectrum of multi-channel insurance sales and services for group
 and individual markets.  Connecture offers end-to-end sales platform as well
 as more narrowly focused modular solutions that fully integrate with existing
 legacy systems and that have proven to deliver increased sales, enhanced
 broker loyalty, improved back-office efficiencies, lower customer acquisition
 costs, and lower overall operating expenses. For more information, visit the
 company's website at
     About Riverwood
     Riverwood Solutions, headquartered in Waukesha, Wisconsin, builds
 enterprise software solutions for insurers, HMOs and TPAs that Web-enable core
 business processes, transforming and revolutionizing sales, enrollment,
 underwriting and renewal activities. In addition to its signature self-service
 product suite, eXpress, Riverwood Solutions also develops custom solutions for
 the insurance industry.  For more information, visit the company's website at

SOURCE Connecture, Inc.