Vencora will provide support, coaching and new best practices to SSP, while the company continues to operate autonomously.
February 17, 2021 - TORONTO, ON
Vencora Inc. today announced the successful completion of the purchase of SSP Limited (“SSP”), which is the seventh acquisition in the Insurance and Benefits Administration vertical.
SSP is a leading global supplier of technology systems and software for the property and casualty insurance industry. Founded in 1984, SSP strives to supporting its global customer base, while keeping a clear focus on innovation. The company’s software solutions are designed to help insurers and brokers operate their businesses more efficiently.
“The SSP team is excited to be joining the Constellation and Vencora team. We’re passionate about our vision to be a leading provider of insurance technology to the market sectors that we serve. Becoming part of a successful and growing technology group will bring benefits to our customers and our team - for the long term.” said Stephen Lathrope, CEO of SSP.
“We have followed SSP’s progress over the years and found SSP’s solution suite and team impressive. The company showed a keen drive to innovate and help shape the insurance software space. We are excited to welcome SSP to the Volaris family and support their long-term growth by providing our best practices and industry experience. The acquisition supports our goal to expand Vencora’s presence in the insurance technology industry and enables us to offer insurance technology solutions to property & casualty insurers on a global basis.”
- Michael Dufton, CEO of Vencora
In line with Vencora’s philosophy of acquiring, strengthening and growing mission-critical software companies, SSP maintains its independence. Vencora will provide support, coaching and new best practices to SSP, while the company continues to operate autonomously.
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