An Exciting New Day

Posted by Steve Hauck - November 19th, 2009 at 04:11:22 pm

Today we proudly announce the acquisition of our Company by the Sword Group (www.sword-group.com; NYSE Euronext: SWP). We are excited about this combination and confident it marks an important step in the evolution of AgencyPort as a strategic software provider and partner to you, our customer. Sword will bring AgencyPort a significant presence in the London/Lloyds insurance market and industry leading products in policy administration and process-centric customer service (CRM) software. Our products are highly complementary and we share a common vision and strategy for the global insurance market. With operations in 37 countries, and over 1,700 people worldwide, Sword gives us the products, resources and experience to help bolster our offerings in the U.S. and scale our business into Europe and beyond.

Our goal has always been – and remains today – to develop solutions that impact our customer’s business. After nine years focusing on automating distribution, this is an important step toward broadening our horizon, our capabilities and solution set. By combining with Sword we gain a suite of proven products and the resources needed to help us scale on a global level such as 24×7 support services, hosting facilities, R&D centers, multi-national software expertise, offshore development and a global delivery infrastructure. Sword also brings over 60 customers in insurance, a leading policy administration product suite (Sword Intech) and a market leading BPM based CRM solution (Sword Ciboodle). All of these add up to more tools to help deliver solutions for our customers.

We are thrilled to find a partner that values our people, our culture, and innovative spirit – the things that make AgencyPort who we are. Going forward these things won’t change. AgencyPort management will remain intact and business will operate the way it always has. With Sword, we look forward to the delivering the combined synergy and value – that we believe – ranks second to none in the insurance technology industry.

We sincerely want to take this opportunity to thank each and every customer and partner for your business, support and loyalty as we enter this new chapter in AgencyPort history.

Sincerely,

Everyone at AgencyPort!

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  1. Congratulations! We wish you the best in the next chapter.

    Comment by Aaron Kassover — November 20, 2009 #

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