Vertafore
Vertafore, Inc, a company based in Bothell, Washington, is the largest provider of technology for the insurance industry in the United States. It employs 1,500 people in 11 offices across the country.
Vertafore was the fifth largest cloud computing company in the Seattle area in 2014, behind Microsoft, HP, Google, and Amazon, with $400 million in revenue. Its products are used by more than 20,000 insurance agencies, carriers, and agents.
History
Vertafore was founded in 1969 when Agency Records Control (ARC), a card tabulating service bureau for independent agents, relocated to Bryan/College Station, TX. Agency's forebear Safecom was incorporated as a wholly owned subsidiary of Safeco Insurance Company. In 2005, the company relocated its headquarters from Windsor, Connecticut to Bothell.
Vertafore was acquired by Hellman & Friedman and JMI Equity in 2004, and subsequently sold to TPG Capital for $1.4 billion in one of the largest leveraged buyouts of 2010.
Jeff Hawn, formerly of Attachmate, became the company's CEO in April 2015.
Acquisitions
- QQ Catalyst - 2015
- Stoneriver FSC - 2011
- Kaplan Compliance Solutions- 2011