Bothell, Wash. — Vertafore Inc., a provider of market-leading software and services to the insurance industry, has signed an agreement to acquire Sircon Corp., Okemos, Mich. Sircon connects carriers, agencies and brokers, agents, education providers and state regulators through a suite of online services designed to enable 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," says Euan Menzies, president and CEO of Bothell, Wash.-based 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."
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