Vertafore Inc. — a major insurance technology company — has acquired VUE Software.
VUE Software sells systems that help insurers manage, and pay, their agents, brokers and other product distributors.
(Related: 7 Things Health Agents Think About Insurers)
VUE has been active in the life, annuity and health distribution markets as well as the property-casualty distribution market.
The price of the deal was not available.
Vertafore says it will use VUE technology to improve and extend the services it offers through its Sircon unit. Sircon provides insurance distribution compliance and producer credentialing
Integrating the VUE and Sircon systems should take about six to 12 months, Vertafore says.