Bothell, WA. – November 25, 2014 – Vertafore, the leading provider of software that transforms the business of insurance, today announced that its chief technology officer, Theo Beack, was selected as the winner of the Puget Sound Business Journal’s third annual CIO & CTO awards in the Outstanding CTO category for companies with less than $1 billion in revenue. The award honors top executives who have leveraged technology to innovate and capture a competitive advantage for their company, customers, and region. Judges unanimously selected Beack as the winner in his category after considering his three-year tenure at Vertafore.
“Over a period of three years, we’ve created a foundation that is helping us innovate across the entire insurance ecosystem,” said Beack. “We’ve established a new company framework that runs on lean, agile methodology. This award is a reflection of our team’s hard work to successfully address technical issues and influence numerous positive changes company and industry-wide.”
The 2014 competition marks the first year the Puget Sound Business Journal opened up their prestigious CIO awards to include the Outstanding CTO of the Year categories. Entrants were evaluated on innovation in creating a competitive advantage, optimizing of business processes, and their overall impact on the company’s bottom line. Beack, alongside other 2014 winners from Paratransit Services, Outerwall Inc., MediaAlpha, Trupanion, and Seattle University, will be honored on December 10th at a special celebration at the Bell Harbor International Conference Center in Seattle.
The recognition by PSBJ follows on the heels of another recent Vertafore award win at the 8th annual Oracle Excellence Awards for Fusion Middleware Innovation. Vertafore took home top honors in the Business Process Management category for the significant business milestones achieved through their innovative use of Oracle Fusion Middleware. Together, the recent technology-driven accolades speak to Vertafore’s sophistication in solving critical insurance business complexities with technology solutions.
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.