Vertafore Announces Moves to Strengthen Technology Innovation and Long-Term Business Performance

BOTHELL, Wash., Feb. 23, 2012 /PRNewswire/ -- Vertafore (http://www.vertafore.com), the leading provider of software and information to the insurance industry, today announced that CTO Vance Huntley and CFO Jeff Groh will be leaving the company. Huntley will remain in place through the search for a new CTO, and Groh will exit the company in April. Vertafore has begun the search for both positions and in the interim John Morrow, SVP, Corporate Development and Legal Affairs, will assume the role of CFO.

"Jeff and Vance have both made significant contributions to Vertafore's growth and can be proud of their accomplishments over the last several years," said Euan Menzies, president and CEO of Vertafore. "Vertafore has a solid foundation as the industry-leading provider of insurance software, and now is the time to take the company to the next level. The decision to upgrade these two strategic positions reiterates Vertafore's commitment to delivering innovative products that transform the business of insurance and to ensuring the company maximizes its full potential."

Morrow joined Vertafore in 2006 and has been responsible for corporate development, legal, information security and UK business operations. He has also played a key role in Vertafore's acquisitions and financing transactions since joining the company. 

Since its 2010 acquisition by TPG Capital, Vertafore has invested heavily in product innovation and in enhancing its executive leadership team to better serve customers and ensure the company reaches its full potential. Most recent additions include Mark Sonders, SVP of Sales & Client Services, who joined from Thomson Reuters, and Mark Craig, SVP of Product Management, who joined from Oracle.

Vertafore was recently ranked by the Puget Sound Business Journal as the fifth largest software company in the Puget Sound area, the highest ranking of any private company on the list.

About Vertafore
Vertafore delivers software and services that transform the business of insurance. Unique to the industry, more than 20,000 customers rely on Vertafore to provide integrated technology that connects the entire industry with the most complete source of solutions—agency management, rating and connectivity, content management and workflow, information solutions and producer lifecycle management—so their businesses run better and are more profitable. For more information about Vertafore, please visit vertafore.com.

© 2012 Vertafore, Inc. All rights reserved. Vertafore and other trademarks are trademarks of Vertafore, Inc. Other trademarks are the trademarks of the respective owners.

SOURCE Vertafore

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