Insurance agency technology firm Vertafore announced that Amy Zupon will take over as chief executive officer effective October 3, succeeding Jeff Hawn who has been chairman and CEO since April 2015.
Zupon joins Vertafore from P2 Energy Solutions where she has served as CEO. P2 provides software and analytics for the oil and gas industry.
Zupon has leadership and product experience in vertically-focused technology companies. She has been a CEO, chief technology offer and chief operating officer within the software industry and has been involved in 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 Zupon.
Bain Capital Private Equity and Vista Equity Partners acquired Vertafore from TPG Capital in June. The parties did not disclose terms of the transaction. Reuters, citing anonymous sources, said it was for $2.7 billion.
“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,” Ian Loring, a managing director of Bain Capital Private Equity, said in the announcement of the appointment.
“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, in a statement.
Zupon joins Vertafore as the company says it is prepared to launch several new and enhanced product and services including Vertafore Analytics with persona-based dashboards, SalesTrack with expanded lines of business, and ImageRight with OCR/OMR support.
The Vertafore product line serves the insurance distribution channel, from agencies and carriers to managing general agencies, managing general underwriters, and state governments.
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