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Vertafore

“Can the incumbent insurance-distribution software vendor stay dominant by embedding AI and payments partners into agency/MGA/carrier workflows without becoming a regulated fintech itself?”

Founded1969
HQDenver, Colorado, United States
Total raised$76M (early rounds); acquired multiple times since
Latest roundAcquired by Roper Technologies (2020)
Valuation$5.35B (2020 acquisition by Roper)
IndustryVertical SaaS / Insurance
The story

Vertafore has been the technology backbone of the US independent-agency insurance channel for over 50 years, evolving from a punch-card vendor to a cloud-based InsurTech suite (AMS360, Sagitta, Sircon, AIM, QQCatalyst, RiskMatch, PL Rating). After a series of PE flips (TPG → Bain/Vista → Roper 2020), the company is now a permanent portfolio company inside Roper's diversified software platform. Its current strategic push is Distribution Velocity — bringing agentic AI (Velocity AI Platform) and payments/premium-finance orchestration directly into agency, MGA, and carrier workflows rather than building any regulated financial products in-house.

Last 12 months
2025
Product timeline
1969
Founded (formerly AMS Services / Agency Records Control) to provide software for independent insurance agents.· founding
2010
Acquired by TPG Capital.· acquisition
2016
Acquired by Bain Capital Private Equity and Vista Equity Partners from TPG.· acquisition
2020
Acquired by Roper Technologies from Bain/Vista.· acquisition
2022
Acquired MGA Systems, Inc. to expand MGA ecosystem.· acquisition
2025
Launched Vertafore Velocity AI Platform for agentic AI across insurance workflows.· pivot
Acquisitions
MGA Systems, Inc.2022
MGA policy administration platform (incl. NetRate), folded into Vertafore's MGA ecosystem.
The stack
4 layers disclosed in Vertafore’s embedded-finance stack
Payments / PSP
Simply Easier PaymentsePayPolicyAscend
Lending
in the full report
KYC
in the full report
Accounting
in the full report
Accounting gap: minor
8 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Vertafore — frequently asked

Who is Vertafore's payment processor?

Vertafore processes payments through Simply Easier Payments, ePayPolicy and Ascend.

Which KYC provider does Vertafore use?

Vertafore uses LexisNexis, Dun and Bradstreet, HireRight and NIPR for KYC and identity verification.

Who provides Vertafore's lending?

Vertafore's lending and capital products are provided by Prevail Network (in-house marketplace).

Which accounting software does Vertafore integrate with?

Vertafore integrates with Ascend.

What is Vertafore's embedded finance stack?

The Embedded Finance Index 2026 maps 4 layers in Vertafore's stack: Payments / PSP (Simply Easier Payments, ePayPolicy and Ascend); Lending (Prevail Network (in-house marketplace), Prevail Network (premium finance marketplace) and FinancePro (premium finance loan management)); KYC (LexisNexis, Dun and Bradstreet, HireRight and NIPR); Accounting (Ascend).

Where is Vertafore headquartered?

Vertafore is founded in 1969 and headquartered in Denver, Colorado, United States.

How much funding has Vertafore raised?

Vertafore has raised $76M (early rounds); acquired multiple times since in total (latest round: Acquired by Roper Technologies (2020); valuation: $5.35B (2020 acquisition by Roper)).

What companies has Vertafore acquired?

Vertafore's acquisitions include MGA Systems, Inc. (2022).

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