InforcePRO acquisition leaves advisors disappointed
Advisors who were clients of InforcePRO, an online policy management software for life insurance, have been left disappointed after learning that the software was no longer available to them.
June 22, 2017
The Austin, Texas based start-up, which had clients in Canada and the United States, recently told it's advisor clients that after June 15th, 2017 the software would no longer be available to them.
Sources close to the company told Insurance News that the software company had been sold to another company that is making the technology proprietary, so for its own internal use. The Insurance and Investment Journal attempted to contact InforcePRO representatives to confirm this information, but had not received a response by press time. It's website would appear to confirm this news.
Appointed new CEO in November
In November 2016, InforcePRO announced that Paul Winandy had been appointed its new CEO. A press release issued at the time stated that, “Winandy joins the team to lead the company into its next stage of growth.”
“InforcePRO is at an exciting point in its history,” stated Winandy in the press release. “Having proven the value of its solution to insurance professionals, the company is now poised to move into the mainstream and I’m delighted to join the team for this part of the journey.”
Winandy replaced co-founder Cameron Jacox who launched InforcePRO in 2010 and served in the role for 5 years, overseeing it's growth and development.