Brings deep technology and customer service expertise to build on Vertafore's long history of industry leadership
BOTHELL, Wash., Sept. 7, 2016 /CNW/ -- Vertafore, the leader in modern insurance technology, today announced the appointment of Amy Zupon as its new Chief Executive Officer, effective October 3, 2016. She joins Vertafore from P2 Energy Solutions where she has served as Chief Executive Officer, and will succeed Jeff Hawn.
Zupon has a proven track record of driving customer-centered innovation, scaling operational excellence, and uniting teams. She has extensive leadership and product innovation experiences in cutting-edge vertically-focused technology companies, and she is passionate about both ensuring customer success and delivering a world-class experience for agencies, carriers, MGAs and MGUs. Zupon has led as a CEO, CTO and COO within the software industry and has depth in a variety of executive leadership capacities including product development and management, marketing, customer support, and professional services.
"It will be a privilege to work alongside the Vertafore team to support insurance professionals in this time of change," said Amy Zupon. "It's exciting to be a part of an organization working to deliver the technology, people, and processes that can impact the operational excellence and financial success of our customers. Vertafore is committed to helping insurance agencies, carriers, MGAs and MGUs grow their businesses, process claims more quickly and effectively, and assist the industry through digital transformation. I look forward to doing everything I can to help further that mission."
"Amy has the deep expertise for serving the needs of Vertafore's customers, and a passion for bringing out the best in employees in support of high quality service to customers and improved outcomes for the insurance industry," said Ian Loring, a Managing Director of Bain Capital Private Equity.
"We've worked with Amy over many years and across multiple organizations to deliver superior products and to build high performing businesses that are well-equipped for innovation and growth," said Brian Sheth, co-founder and President, Vista Equity Partners. "We are pleased to work with Amy again at Vertafore in her new role."
Zupon joins Vertafore as the company prepares to launch several new and enhanced product and service offerings to the market, such as Vertafore Analytics with persona-based dashboards, SalesTrack with new expanded lines of business, and ImageRight with OCR/OMR support.
The Board of Directors would like to thank Jeff Hawn for his contributions to the company's growth and success.
Funds advised by Bain Capital Private Equity and Vista Equity Partners acquired Vertafore in June 2016.
Vertafore offers the broadest and most adaptable technology solutions to better prepare the insurance industry for digital disruption. The Vertafore product line is built on a platform, empowering customers and other solution providers to adapt and thrive as the market changes. Vertafore's platform features fast innovation, partnerships with the best technology companies, and customizable solutions to help companies remain independent during a time of industry disruption. As the leader in modern insurance technology with the largest customer base in the industry, Vertafore connects every point of the distribution channel, from agencies and carriers to MGAs, MGUs, and state governments. For more information about Vertafore, visit www.vertafore.com, read the company's blog, and follow the company on Twitter, Linkedin, and Facebook.
About Bain Capital Private Equity
Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since our founding in 1984. Our team of more than 400 investment professionals creates value for our portfolio companies through our global platform and depth of expertise in key vertical industries including consumer/retail, financial and business services, healthcare, industrials, and technology, media and telecommunications. In addition to private equity, Bain Capital invests across asset classes including credit, public equity and venture capital, and leverages the firm's shared platform to capture opportunities in strategic areas of focus. For more information visit www.baincapitalprivateequity.com.
About Vista Equity Partners
Vista, a U.S.-based private equity firm with offices in Austin, Chicago and San Francisco, with over $26 billion in cumulative capital commitments, currently invests in software, data and technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com.
For further information: For Vertafore: Frances Bigley, Barokas Public Relations, (206) 264-8220, [email protected]; For Bain Capital Private Equity: Alex Stanton, Stanton Public Relations and Marketing, (212) 780-0701, [email protected]; For Vista Equity Partners: Alan H. Fleischmann, Laurel Strategies, Inc., (202) 413-4495, [email protected], http://www.vertafore.com