Vertafore Expands Industry-Leading Solutions with Acquisition of VUE Software
Leaders in insurance producer compliance and distribution management software combine to provide an unparalleled end-to-end solution
DENVER, May 16, 2019 /PRNewswire/ -- Vertafore, the leader in modern insurance technology, today announced it has acquired VUE Software (VUE) to complement its Sircon solutions and create the most powerful insurer distribution management platform in the industry.
Founded by Computer Solutions & Software International (CSSI) over two decades ago, VUE Software offers configurable solutions to meet the unique needs of the Life and Annuity, Health, and Property and Casualty markets. The company is a leader in the Distribution-Modernization movement and provides insurance organizations tools to drive revenue growth and create competitive advantage, supporting multiple product types, distribution channels, and hierarchy types.
With this transaction, Vertafore expands its suite of insurer solutions with VUE's distribution technology. The resulting solution will improve operational efficiency, minimize risk, upgrade the distributor experience and organize the entire distribution management lifecycle.
"VUE's strong market position, momentum and laser-focus on modernizing insurance distribution make it a natural fit for Vertafore," said Amy Zupon, CEO, Vertafore. "Combining VUE with Sircon's credentialing and compliance strength, we can now deliver an integrated and simplified solution for insurers managing their distribution."
Over the next six to twelve months, developers will be integrating the two platforms to provide enhanced capabilities around producer compensation management as well as faster agency onboarding.
"For years, Sircon has been recognized by many as the leading credentialing and compliance solution in the industry," said Vic Saliterman, SVP & General Manager, Sircon. "With the addition of VUE Software's suite of innovative tools for compensation and relationship management we are now able to offer customers the most complete distribution management system on the market."
In addition to the technological innovations born from this acquisition, carrier and agency customers will also benefit from the deep operational expertise of the combined teams of product development, service, and implementation teams who work daily to help customers optimize their businesses.
"We are thrilled that VUE is now part of the Vertafore family, an amazing team who, like us, is solely focused on delivering end-to-end solutions that simplify insurance distribution," said Stephen Bruno, founder and CEO of VUE. "This is great news for our employees and our customers. Vertafore shares our vision for modernizing the future of insurance distribution, and we are excited to help expand their industry-leading solutions."
About Vertafore
For over 50 years, Vertafore, the leader in modern insurance technology, has built and supported superior InsurTech solutions to connect every point of the distribution channel. Vertafore's agency management, ratings, regulation, compliance, and connectivity products streamline workflows, improve efficiency and drive productivity for more North American insurance professionals than any other provider—including more than 20,000 agencies, over 1,000 carriers and 23 state governments. Through a continual focus on operational excellence, development of innovative solutions, and alignment with key industry partners, Vertafore is leading the way for customers of all sizes by delivering results that make a difference. For more information about Vertafore, visit www.vertafore.com.
About VUE Software
VUE Software is a single scalable platform built from the ground up for Insurers, MGAs, FMOs, IMOs, and Insurance Distributors who have outgrown their current tools and require greater automation for producer administration and sales processes. Founded by Computer Solutions & Software International (CSSI) over two decades ago, VUE Software offers configurable solutions to meet the unique needs of the Life and Annuity, Health, and Property and Casualty markets. The company leads the Distribution-Modernization movement and provides insurance organizations a solid path to revenue growth and competitive advantage, supporting multiple product types, distribution channels, and hierarchy types.
MEDIA CONTACT:
Alexea Candreva, SSPR | 719-475-0370 | [email protected]
SOURCE Vertafore
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