June 10, 2009
For Immediate Release
iPipeline Named As A Leading Vendor in Celent Report
Deal Volume Makes iPipeline Leader in Life/Health Distribution Metacategory
Exton, PA: iPipeline™, the leader in on-demand software that supports marketing, selling, and processing solutions for the nation’s top insurance carriers, distributors and producers, today announced that iPipeline led the Life/Health Distribution Metacategory in Celent’s 2009 Insurance Software Deal Trend Report with 51% of Deal Volume. iPipeline was also recognized as one of the top ten vendors in the 2009 “Traction Index,” which Celent determined by a weighted score measuring the volume and type of agreements software companies secured for the performance period.
"iPipeline has a legacy of knowledge and experience in the insurance industry that spans more than 10 years. Our iGO Suite is emerging as the preferred solution among top carriers, because iGO e-App™, our intelligent fillable application form, corrects what has typically been an error-prone process. Reducing cycle time and increasing placement ratio are common goals shared by our carriers, and iGO e-App accomplishes this goal by eliminating error and increasing productivity,” said Tim Wallace, CEO, iPipeline. “Receiving validation from Celent for our 2007-08 sales accomplishments means a lot to us. We remain committed to providing our carriers, distributors and agents with solutions that improve their business results."
"We would like to extend our congratulations to iPipeline for being named as leading vendor in the Life/Health Distribution Metacategory,” said Craig Weber, Senior Vice President of the Celent Insurance Practice. "Carriers value technology partners who focus on the insurance vertical and demonstrate a long-term commitment to it. iPipeline’s deal flow places them in that category.
About iPipeline
iPipeline™ leads its industry in providing the next-generation suite of sales distribution software to the insurance and financial services markets as an on-demand service. By positively influencing behavior across the value chain through flexible, rules-based technology, iPipeline's channel solutions for carriers, distributors, and producers automate activities for quoting, forms processing, illustrations development, requirements ordering, contracting, and content distribution, enabling the insurance industry to market, sell, and process faster. iPipeline provides the process automation and seamless integration needed to make a sale by aggregating over 160 carriers, 1,100 distributors, and 400,000 agents in a single, Web-based environment — the iPipeline Network. The network generated over $3 billion in premiums in 2008.
iPipeline's simple, intuitive system integrates directly with 850 Web sites including the industry's largest banks, broker-dealers and insurance distributors via a Software as a Service (SaaS)-based model. This integrated approach enables insurance companies to automate sales distribution, eliminates point-of-sale mistakes, and streamlines the issuance of insurance policies. With headquarters in Exton, Pennsylvania, iPipeline has offices in Atlanta, Charlotte, and Milwaukee. iPipeline, one of the fastest growing, privately-held companies in the US, is a Philadelphia 100 and an Inc. 5000 company. iPipeline is the proud winner of the 2009 Windows in Financial Services Innovator Award for business transformation and the 2009 ACORD Award for infrastructure platform. For more information, please visit: www.ipipeline.com..
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For more information contact:
Ashley Gerson
Marketing
484-348-6555, ext. 462
484-348-6555, x462