Vertafore Acquires StoneRiver FSC

Vertafore adds rating capabilities to its suite with the buy.

Bothell, Wash.-based insurance technology vendor Vertafore has acquired Moorpark, Calif.-based StoneRiver FSC, a subsidiary of StoneRiver Group that provides rating and management systems.

“The acquisition of FSC demonstrates our ongoing commitment to delivering point-of-sale solutions that allow independent agents to increase revenue and efficiency by providing faster quoting and better service to their customers,” Euan Menzies, president and CEO of Vertafore, says in a statement. “In addition, we are particularly pleased to address the need to increase agency sales productivity with the industry’s first sales management system, FSC Pipeline, which is uniquely designed to enable producers to manage their prospects and close business faster.”

The acquisition follows Accenture's buy of Duck Creek Technologies last week.

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio