Vertafore President and CEO Alex Lintner Steps Down

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Board engages leading executive search firm to retain a permanent CEO

Vertafore, the leading provider of software that transforms the business of insurance, today announced that Alex Lintner has stepped down from his role as President & CEO of Vertafore as well as from the Vertafore Board of Directors. The board has engaged the assistance of a leading executive search firm to retain a permanent CEO. In the interim, Tim Dunn will dedicate additional time with the leadership team to facilitate decision-making and communication. Dunn is a Vertafore board member and an Operating Partner with Vertafore’s principal shareholder, TPG Capital.

“When I joined Vertafore, my goal was to energize and strengthen this tremendously talented organization, create a pipeline of innovative products for our customers, and grow revenue as well as profitability,” said Alex Lintner. “Based on where the company is, the Board and I believe this is the right time for a transition in leadership. The extraordinary commitment of our leadership team and the warmth of our employees have inspired me this past year. I very much appreciate the opportunity that was given to me, and am excited to watch Vertafore's future success.”

“Our search for a new CEO has been initiated, and we are fortunate that we have an exceptional leadership team who are delivering outstanding results,” Bryan Taylor, Vertafore’s Chairman and a Partner with TPG Capital. “We are on track to finish the year with record revenues and operating profits and the highest revenue growth rate since before the financial crisis. We are continuing to make significant investments in R&D and are building momentum as we introduce transformational new products to the industry. I want to thank Alex for his meaningful contributions to Vertafore, and wish him well in his future endeavors.”

About Vertafore
Vertafore delivers cloud-based insurance software and services that transform the business of insurance. With the largest customer-base in the industry, more than 20,000 agencies and carriers leverage Vertafore’s insurance solutions that are built on today’s most advanced cloud, mobile, and information technology platforms. Only Vertafore offers the most complete portfolio of solutions for agencies and carriers to drive efficiencies and increase profitability – including agency management, rating and connectivity, content management and workflow, information solutions and producer lifecycle management. For more information about Vertafore, visit http://www.vertafore.com and follow the company on Twitter, LinkedIn, and Facebook.

© 2014 Vertafore Inc. All rights reserved. Vertafore and other trademarks are trademarks of Vertafore and its subsidiaries. Third party trademarks belong to their respective owners.

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Bailey Fox
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