Bothell, WA – October 17, 2014 – Vertafore, the leading provider of software that transforms the business of insurance, today announced that Alex Lintner has stepped down from his role as President & CEO of Vertafore as well as from the Vertafore Board of Directors. The board has engaged the assistance of a leading executive search firm to retain a permanent CEO. In the interim, Tim Dunn will dedicate additional time with the leadership team to facilitate decision-making and communication. Dunn is a Vertafore board member and an Operating Partner with Vertafore’s principal shareholder, TPG Capital.
“When I joined Vertafore, my goal was to energize and strengthen this tremendously talented organization, create a pipeline of innovative products for our customers, and grow revenue as well as profitability,” said Alex Lintner. “Based on where the company is, the Board and I believe this is the right time for a transition in leadership. The extraordinary commitment of our leadership team and the warmth of our employees have inspired me this past year. I very much appreciate the opportunity that was given to me, and am excited to watch Vertafore's future success.”
“Our search for a new CEO has been initiated, and we are fortunate that we have an exceptional leadership team who are delivering outstanding results,” Bryan Taylor, Vertafore’s Chairman and a Partner with TPG Capital. “We are on track to finish the year with record revenues and operating profits and the highest revenue growth rate since before the financial crisis. We are continuing to make significant investments in R&D and are building momentum as we introduce transformational new products to the industry. I want to thank Alex for his meaningful contributions to Vertafore, and wish him well in his future endeavors.”
About Vertafore
Vertafore’s comprehensive insurance management software solutions lead brokers and carriers to adapt to an evolving insurance industry to efficiently scale their businesses through deeper access to information and insights. 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 RiskMatch
RiskMatch is a business intelligence and analytics company that delivers a suite of web-based solutions for insurance brokers and underwriters throughout the U.S. Its patented platform delivers an array of portfolio management, analytic and data management services designed to enable brokers and underwriters to enhance performance, reduce costs, facilitate growth, and improve their client service capabilities. For more information, visit the RiskMatch site.