ITC Acquires Agency Matrix, LLC
ITC announced today it has acquired Agency Matrix, an insurance technology provider
Carrollton, Texas – Tuesday, February 4, 2020 –
Insurance Technologies Corporation (ITC), a provider of websites, marketing, comparative rating and management software and services, announced today it has acquired Agency Matrix, an insurance technology provider.
Founded in 2004, Agency Matrix’s product offerings include its agency management system, insurance agency websites, document management, and a virtual employee. The acquisition of Agency Matrix will extend ITC’s agency management system offering.
“With their excellent agency management system and position in the industry, Agency Matrix is a great fit with ITC,” said Laird Rixford, CEO of ITC. “Combining our respective products is part of our overall strategic vision to provide quality solutions to independent insurance agents and brokers, and it will help us continue to provide our customers with the latest agency management system technology.”
Through this acquisition Agency Matrix clients will get access to ITC’s broad array of marketing products and services and TurboRater, ITC’s personal lines comparative rater. Plus, ITC’s clients will benefit from the extensive features available in the Agency Matrix agency management system.
“From the founding of Agency Matrix, we have been committed to providing insurance agency owners with a powerful solution at reasonable rates,” said Alex Campos, CEO of Agency Matrix. “We’re excited about this acquisition because it will expand that mission and provide opportunities for growth to our clients and team.”
“I’m excited to bring the ITC tribe and Agency Matrix team together and look forward to what we will accomplish together in the years to come,” said Rixford.
About Agency Matrix
Agency Matrix, LLC is a Duluth, Georgia-based technology company dedicated to providing effective, efficient, and affordable management system solutions to the insurance industry and small business owners around the country. Designed by former insurance agents for insurance agents, Agency Matrix is committed to providing the industry with simplified solutions at rates that are reasonable and affordable to the independent business owner.
About ITC
Insurance Technologies Corporation (ITC), founded in 1983, provides websites, agency marketing, comparative rating, and management software and services to the insurance industry, including independent agents and insurance carriers. Headquartered in Carrollton, Texas, ITC is the largest provider of insurance agency websites in the United States and powers more than two million auto and home quotes through its comparative rater TurboRater. Currently, ITC serves more than 200 insurance companies and more than 7,000 agencies.