Vertafore, provider of insurance distribution channel management solutions, announced this week that its wholly owned subsidiary, Sircon, has signed an agreement to acquire the assets of Indianapolis, IN-based Kaplan Compliance Solutions (KCS), a provider of insurance and securities software and services.

"The acquisition of KCS underscores our commitment to delivering services to carriers, broker-dealers and other financial institutions that allow them to efficiently manage their compliance risk while expanding their producer force and generating revenue more quickly," said Euan Menzies, president and CEO of Vertafore.

"We are committed to continuing full support of and investment in both KCS and Sircon products and look forward to providing the combined client base with an extremely robust and innovative solution. By integrating KCS into Sircon, Vertafore will provide all customers with the broadest, most comprehensive and proven best-in-class compliance solutions in the industry."