Vertafore Announces Agreement to Acquire Sircon

Vertafore signed an agreement to acquire Sircon Corporation. Sircon serves the unique needs of the insurance market by connecting carriers, agencies and brokers, agents, education providers and state regulators through a comprehensive suite of online services that allows companies to manage compliance and producer information and helps agents get licensed and appointed faster.

"As a leading provider of producer lifecycle management solutions for the insurance industry, Sircon benefits the entire distribution chain by streamlining and expediting the producer license and contracting process, decreasing costs and increasing revenue by allowing producers to begin to sell sooner," said Euan Menzies, president and CEO of Vertafore. "Our acquisition of Sircon will further expand Vertafore’s solutions to help companies and individual producers in the insurance industry keep track of requirements needed to sell insurance in all 50 states. Sircon fits perfectly with our mission of improving channel productivity, and we believe Sircon’s offering will be valuable for our broker and carrier customers."

Vertafore Announces Agreement to Acquire Sircon

Corporate Overview

Vertafore, Inc. is a leading provider of specialized software solutions and information for the insurance industry, delivering solutions to facilitate independent agent productivity and carrier/agent connectivity. Throughout our three-decade history, we've become the agency management system and information source to over 15,000 independent insurance agencies, 150,000 end-users and 600 insurance carriers.
The principal operating entities within Vertafore are:

The name Vertafore combines the roots of ‘Vertebrae’ or backbone with ‘Forte’ meaning force to represent the structure provided by a strong backbone and the role played by the corporate parent organization. Vertafore also represents the drive of individual businesses within their chosen vertical markets.