Business Insider Intelligence of acquired software companies, Vertafore will continue to be run by the existing management team. The price tag is almost twice the insurtech's value when it was last acquired in 2016 by Bain Capital Private Equity and Vista Equity Partners for The acquisition meets Roper's overarching strategy to invest in revenue-generating software businesses that provide value-added solutions to critical customer processes.
Vertafore runs a proven sustainable business model. The insurtech has served the insurance industry for over 50 years, over 20,000 agencies and 1,000 carriers. Since its last acquisition in 2016, Vertafore has added more than 500 employees and improved its customer Net Promoter Score by 200%.
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