TOPEKA, Kan., December 10, 2020 (GLOBE NEWSWIRE) – SE2, a life insurance and annuity technology and services company, today announced the acquisition of Convergent Financial Technologies, expanding its SaaS product offering for the insurance and retirement solutions industry.
UV Cloud is a highly scalable cloud native platform that enables efficient asset management and unit value calculation for a wide range of variable products – mutual funds, alternative investments and retirement products. The product suite provides insurance companies with robust reporting and data analysis capabilities, delivered via SaaS or as a bundled service offering. UV Cloud accelerates the transformation of fund management, pricing and trading needs.
“We share the common goal of helping insurance and retirement solution providers leverage cutting-edge technology to deliver superior results to producers and end customers,” said Mark Schultis, CEO of SE2 . “We are delighted to welcome the Convergent team to the SE2 family and build on the success of UV Cloud. “
“This deal is a perfect fit for both Convergent and SE2, given our complementary offerings and our common focus on providing digital activation tools,” said William Bolton, CEO of Convergent. “Together, we will continue to strengthen UV Cloud’s leadership position and partner with our customers to improve efficiency, mitigate risk and grow their business.”
To learn more, visit www.se2.com.
SE2, an Eldridge company, is a life insurance and annuity technology and services company. SE2 has a proven track record of delivering technology-driven transformations. SE2 uniquely combines industry knowledge from its 125+ years of life insurance experience with its end-to-end SE2 Aurum® technology platform to enable the rapid launch of new and innovative products through traditional and digital channels. SE2 currently administers nearly 2 million active policies on behalf of its 25+ clients. SE2 manages over $ 100 billion in assets under management and manages over 200,000 new business applications per year. Please visit SE2 at www.SE2.com for more information.
About Converged Financial Technologies
Convergent Financial Technologies is a software development company specializing in financial services software. Founded in 2013, Convergent Financial Technologies provides fully integrated SaaS financial applications that dramatically reduce IT costs, are compatible with cloud technology, and are intuitive and easy to use. Based in Hamilton, New Jersey, the company works with 180 fund companies, over 6,000 mutual funds and manages approximately. $ 250 billion in assets. The company’s primary focus is UV Cloud®, a unit-value pricing and trading application used by more than 20 insurance companies, including many of the largest insurance companies in North America. The cloud-based platform includes customizable reports, an interface with the administration system, an interface with the fund managers and much more. For more information, please visit http://www.convergentfinancial.net/.
Contact for SE2: