An insurance software company has absorbed an agency management system developer.
Internet Pipeline Inc., Exton, Pa., which does business as iPipeline, has acquired AgencyWorks L.L.C., Salt Lake City.
IPipeline is not discussing the price of the deal, but it says it will hire all AgencyWorks employees and continue to run the company as a stand-alone business based in Salt Lake City.
IPipeline sells product information, quoting, and illustration systems.
AgencyWorks offers Internet-based life agency management tools such as the Agency Integrator, Agency Gear, InsureSocket Brokerage, I-Relay and Broker Gear systems.
IPipeline now has a total of 160 insurance company customers and relationships with 1,200 banks, broker-dealers and brokerage general agencies, the company estimates.