Bain Capital Private Equity and Vista Equity Partners Acquire Vertafore

vertaforeVertafore, a Bothell, WA-based provider of insurance technology solutions, was acquired by funds affiliated with Bain Capital Private Equity and Vista Equity Partners.

The amount of the deal was not disclosed.

Led by Jeff Hawn, Chairman & CEO, Vertafore provides more than 500,000 insurance professionals with technology products across the insurance value chain including an agency platform, management systems, and carrier solutions, among others.
The company recently acquired Keal Technology in Canada, and QQSolutions in Florida, both providers of cloud software to independent insurance agencies.

During 2015, Vertafore delivered more than 250 new product releases to the market, bringing new technology and innovation to a large customer base including agencies, carriers, MGAs, MGUs and over half of U.S. state regulatory agencies.



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