M&A Deal Summary

Vertafore Acquires Sircon

On June 13, 2008, Vertafore acquired internet software and services company Sircon

Acquisition Highlights
  • This is Vertafore’s 1st transaction in the Internet Software and Services sector.
  • This is Vertafore’s 3rd transaction in the United States.
  • This is Vertafore’s 1st transaction in Michigan.

M&A Deal Summary
Date 2008-06-13
Target Sircon
Sector Internet Software and Services
Buyer(s) Vertafore
Deal Type Add-on Acquisition
Advisor(s) Triple Tree LLC (Financial)

Target

Sircon

Okemos, Michigan, United States
Sircon Corporation provides a comprehensive producer lifecycle platform to grow, manage and optimize producer channels. 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’s solutions provide essential industry services by connecting these stakeholders through the Sircon network.

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Buyer(S) 1

Buyer

Vertafore

Denver, Colorado, United States
Category Company
Founded 1969
Sector Software
DESCRIPTION

Vertafore, Inc. is a cloud-based software that provides agency management, compliance, workflow, and data solutions that simplify and automate the complex property and casualty (“P&C”) insurance lifecycle. More than 20,000 agencies and 1,000 insurance carriers rely on Vertafore to streamline their processes, improve efficiency, and drive productivity. Vertafore, Inc. was founded in 1969 and is based in Denver, Colorado.

DEAL STATS #
Overall 3 of 11
Sector (Internet Software and Services) 1 of 4
Type (Add-on Acquisition) 2 of 8
State (Michigan) 1 of 1
Country (United States) 3 of 10
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-13 ImageRight

Conyers, Georgia, United States

ImageRight is an insurance-specific document management and workflow solutions. The ImageRight document management system was designed specifically for the insurance industry and fully supports all insurance lines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-19 StoneRiver FSC

Moorpark, California, United States

FSC delivers insurance rating and management systems to more than 6,500 customers, including independent agents, brokers, insurance carriers and managing general agencies across the country.

Buy -
Mergr

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