Yesterday, insurance technology firm Vertafore announced plans to relocate their headquarters from Washington state to Denver, bringing on more than 300 new Colorado employees in the process.
By making Denver its new home, the company — which specializes in cloud-based software for insurance carriers, agents, and underwriters — hopes to accelerate growth and tap into the ever-growing Colorado tech community.
“The Mile High City was chosen for its robust pool of talented professionals, central U.S. location, and emerging status as a thriving technology hub,” the company said in a statement.
The move represents a bigger overall strategy to create “centers of excellence.” These centers are distributed throughout the country and designed to bring together individuals with the same specialized expertise in order to “drive effective collaboration, improve speed-to-market, and provide innovative products and solutions.”
“We are beyond excited to announce our new Denver headquarters and are eager to leverage our centers of excellence to provide Vertafore customers with the tools that they need to grow their businesses,” Vertafore CEO Amy Zupon said in the statement. “Denver has so many things going for it — an existing top-level talent pool, a burgeoning tech scene, and an overall environment conducive to helping us grow both our business and the business of our customers. It very quickly became the obvious choice once we started looking at locations for our customer-centric centers of excellence strategy.”
The Denver office will include both Vertafore’s headquarters as well as a center for excellence dedicated to agency management and insurance knowledge base solutions.
To sweeten the pot, the city and state offered Vertafore up to $700,000 in financial incentives and tax credits, much of which is contingent upon their hiring 300 or more full-time employees.
Vertafore will open the doors to their new office in August of 2017. They’ll move from a temporary space in downtown’s Denver Place office building to a larger space on the fourth floor. The office will house the company’s development, central sales, marketing and general administrative departments.
In preparation for the expansion, Vertafore is already looking to fill 34 open positions in Denver.
Photo via social media.
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