Atlanta, GA - October 17, 2005 - Connecture today pronounced the 2004 merger between Connecture, Inc. and Riverwood Solutions, Inc. to be a resounding success. According to Dan Maynard, President and CEO of Connecture, "A merger is never easy, but we have emerged from the experience a stronger, more focused and profitable company."
Today, Connecture is positioned as the preeminent player in the delivery of integrated web-based sales and service automation solutions for the insurance industry. During 2005 alone, Connecture will see revenues grow by 56%, and expenses increase by only 5%, despite adding 50 new hires to product and project teams. During 2005, Connecture will also have contracted with 4 new clients, representing 10 new health plans and insurers, operating in all 50 states. "It’s exciting to see the Company generating such positive momentum", says Dan, "and I fully expect to see this growth sustained."
About Connecture
Connecture is solely focused on delivering integrated web-based sales, service and process automation solutions to the insurance industry. Connecture has automated elements of the insurance sales process for over 70 health plans and insurers, and its solutions currently support the sales and servicing of 9 of the 20 largest health insurers in the country. Its industry-proven solutions encompass the entire spectrum of multi-channel insurance sales and services for group and individual markets. Connecture offers an end-to-end sales platform as well as more narrowly focused modular solutions that fully integrate with existing legacy systems and that have proven to deliver increased sales, enhanced broker loyalty, improved back-office efficiencies, lower customer acquisition costs, and lower overall operating expenses. For more information, visit the company’s website at www.connecture.com.