Bothell, WA-based Vertafore, a provider of software and services to the insurance industry, said today it is being acquired by TPG Capital for $1.4 billion. Vertafore was previously owned by private equity firms Hellman & Friedman, based in San Francisco, and JMI Equity, which is based in Baltimore and San Diego. JMI managing general partner Paul Barber, who is based in San Diego, was a Vertafore director. The company, formerly known as AMS Services, was founded in 1985 and moved its headquarters from Connecticut to Washington state in 2005.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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