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Sircon Promotes Tim Owen to Vice President of Product Management

Owen to be Responsible for Product Management and Market Analysis

Okemos, Mich. - August 5, 2008 – Sircon Corporation announced today that Tim Owen has been promoted to Vice President of Product Management. Owen's responsibilities include product management, market segmentation analysis, definition of product requirements, and uncovering untapped growth opportunities for Sircon.

Sircon serves the unique needs of insurance carriers, agencies and brokers, individual agents, education providers and state insurance regulators. Owen will be responsible for leading the product management across Sircon's carrier, agency and broker customer segments as well as enhancing product management processes company-wide.

"I am delighted to announce that we are promoting Tim Owen to Vice President," said Bob Nero, President and CEO of Sircon. "Tim has been part of Sircon since its founding in 1997, and he has been a leading contributor to our Producer Lifecycle Management (PLM) vision since its inception. Tim is recognized by both our customers and our market as a highly regarded thought-leader."

Owen joined Sircon in 1997 as a product development manager, and was responsible for leading the development of Sircon's early compliance solutions for insurance carriers. Owen later joined the sales team as a sales engineer before settling into his most recent role as director of product management. Owen has been involved directly in the sale and support of Sircon's products for more than 200 carriers and agencies over his decade-long career.

Prior to joining Sircon, Owen served as vice president of web services for Polyphasic, Inc. and also as a manager for Ernst & Young, LLP, where he headed the migration of a foreign-exchange trading system for a global banking group. Owen has also served as project lead for Custom Software Services, Inc., as a systems and engineering analyst for Applied Computer Solutions, as a health-care benefits analyst with Mercer Meidinger Hansen (now Mercer Human Resource Consulting) and as a member of Electronic Data Systems' (EDS) software engineering staff. Owen earned a Bachelor of Science degree in applied mathematics, economics and electronics from Ferris State University.

"Tim has been a valuable and respected member of the marketing team for over four years and has helped build the product management function at Sircon," said Scott Morrison, Sircon's Vice President of Marketing. "Tim has played an important role in helping Sircon advance its position as a market leader and is well-known and respected by industry analysts and our customers alike."


About Sircon Corporation

Sircon Corporation is a wholly owned subsidiary of Vertafore, Inc. Sircon provides a comprehensive producer lifecycle platform to grow, manage and optimize producer channels. The company offers this platform as software-as-a-service (SaaS) to deliver immediate and compelling value to insurance carriers, agencies and brokers, education providers, producers (agents) and state regulators for licensing, recruiting, contracting, appointments, regulatory compliance, education tracking and producer management. Sircon's solutions provide essential industry services by connecting key stakeholders in the producer lifecycle through the Sircon network. For more information, please visit www.sircon.com or call 877.876.4430.

Brian Barthelmes
Airfoil Public Relations
248.304.1451
barthelmes@airfoilpr.com

Scott Morrison
Sircon Corporation
517.381.3828
smorrison@sircon.com