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Sircon Corporation Achieves 30-Millionth "Paperless" Insurance-Industry Transaction

Solution Provider Reaches Milestone amid Significant Product Launches, Integration with Insurance-Technology Solutions Giant and Expanding Customer Roster

OKEMOS, Mich., December 2, 2008 — Sircon Corporation, a wholly owned subsidiary of Vertafore, Inc., today celebrates the processing of its 30-millionth transaction. Sircon – a leading provider of Software-as-a-Service (SaaS) solutions to manage producer licensing, compliance and continuing education across the insurance-industry spectrum – completed this transaction on behalf of a large property and casualty insurer.

"Sircon achieved 30 million transactions in the midst of tremendous momentum in new products and services, integration with a leading insurance-technology provider and an expanding roster of top-tier customers, underscoring the rapidly compelling value our customers and the industry at large see in leveraging technology to take the paper out of licensing, compliance and continuing education processes and speed time-to-revenue for producers," said Bob Nero, president of Sircon.

Today's announcement follows several significant developments in Sircon's products and services, client base and industry presence, reflecting the organization's commitment to remain on the cutting edge of industry innovation:

  • Sircons acquisition by Vertafore, Inc., a leading provider of software and services for the insurance industry, which, according to Sircon president and CEO Bob Nero, allows Sircon to accelerate pursuit of its producer lifecycle management (PLM) vision. The acquisition combines Sircon’s large customer base of insurance carriers, states, education providers and producers with Vertafore’s strong base of agency and insurance-carrier customers. The result is the creation of the largest online community in the insurance industry for managing the producer lifecycle.
  • The launch of OneClick Compliance™, a breakthrough extension of Sircon's industry-leading suite of insurance compliance services. With a single click of a mouse, an insurance carrier or agency can now automatically synchronize their agents’ information with the official records of all state regulatory agencies, allowing companies to more easily manage compliance with state regulators.
  • The launch of SirconEDGE™, which provides customers with powerful capabilities to stay on top of changing insurance regulations and gives them the confidence to become and remain compliant, and measure their compliance efforts. Key product capabilities include easy search of Sircon industry and company content, real-time updates, built-in notifications, workflow tools and powerful assessment and proof of compliance through a configurable dashboard and virtual evidence room.
  • The announcement of several new insurance-industry customers, including Glatfelter Insurance Group, Infinity Insurance and Sagicor Financial Corporation.

About Sircon Corporation

Sircon 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


Sircon is a trademark and wholly owned subsidiary of Vertafore, Inc. The names of actual companies, business units and products mentioned herein are trademarks of their respective owners.