Roper Technologies to acquire Vertafore, A modern Insurance Technology

Business Wire | August 14, 2020

Vertafore, the leader in modern insurance technology, today announced that it will be acquired by Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company. Roper will acquire Vertafore from Bain Capital Private Equity and Vista Equity Partners with the acquisition expected to close in the third quarter, subject to regulatory approval and customary closing conditions. Since 2016, Vertafore has added more than 500 employees and improved its customer net promoter score by 200%, while meaningfully increasing its annual recurring sales and investment in its products. All of these initiatives have been done in support of the company mission to automate and simplify insurance distribution to drive value for their customers. As part of the Roper family of companies, Vertafore will continue to be led by Amy Zupon as its chief executive officer.

Spotlight

For the automotive industry, relatively little has changed over the past three decades until now. New driver assistance technologies and connected services are ushering in a whole new world of motoring. In this new world, the driver hands over ever greater responsibility for his or her driving decisions to the vehicle. On the road today there are already cars with advanced driver assistance systems (ADAS) such as lane-keeping assist or emergency braking that is edging us closer to an autonomous future.

Spotlight

For the automotive industry, relatively little has changed over the past three decades until now. New driver assistance technologies and connected services are ushering in a whole new world of motoring. In this new world, the driver hands over ever greater responsibility for his or her driving decisions to the vehicle. On the road today there are already cars with advanced driver assistance systems (ADAS) such as lane-keeping assist or emergency braking that is edging us closer to an autonomous future.

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