Vertafore Agrees to Purchase Sircon

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

“As a 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 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.”Sircon provides an industry-wide solution to automate licensing and compliance requirements. Serving the producer management needs of both the insurance industry and state government regulators, the company offers a suite of integrated, end-to-end insurance compliance products and services.