Vertafore, Inc.
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Vertafore, Inc. - overview
Established
1969
Location
Denver, CO, US
Primary Industry
Software
About
Vertafore, Inc. , based in Denver, Colorado, offers comprehensive software solutions tailored for the insurance industry, facilitating operations for agencies, carriers, and managing general agents (MGAs). Their products enhance agency management and client engagement. Vertafore, Inc.
specializes in insurance software solutions. Founded in 1969 and headquartered in Denver, US, the company underwent a significant change in ownership in November 2004 when Hellman & Friedman and JMI Equity acquired a controlling stake from Insight Partners and Stone Point Capital for undisclosed terms. The company's latest funding round was a TRADE SALE, raising USD 5,350. 00 mn, bringing the total amount raised to USD 5,350.
00 mn. The current CEOs are Amy Zupon and Jeff Hawn. Vertafore provides a range of insurance software solutions for over 15,000 agencies and 1,200 carriers, including management systems AMS360, QQCatalyst, and Sagitta. These products streamline operations and enhance compliance while tools like Sircon and RiskMatch improve insurance product distribution and management, addressing the specific needs of clients across North America and select European regions.
In 2016, Vertafore reported a revenue of USD 485. 00 mn, primarily generated through subscription-based models that offer clients access to its software solutions on an annual or monthly basis. While specific upcoming products have not been disclosed, Vertafore aims to leverage its most recent funding round to support its strategic initiatives, focusing on further enhancing its product offerings and expanding into new geographic markets. The company will continue to explore opportunities to cater to the evolving needs of insurance stakeholders.
The latest deal in November 2004 was pivotal in shaping the company's direction towards growth and innovation.
Primary Industry
Software
Sub Industries
Claims Administration & Processing, Analytics & Performance Software, Content Management Software, Sales & Marketing Software, Systems Management Software
Website
www.vertafore.com
Verticals
Cloud Computing, InsureTech, RegTech
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Vertafore, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Vertafore, Inc. | - | ||||||||
| Add-on | Completed | VUE Software | - | ||||||||
| Add-on | Completed | RiskMatch, Inc. | - | ||||||||
| Secondary Buyout | Completed | Vertafore, Inc. | - | ||||||||
| Add-on | Completed | Keal Technology | - |
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