Silverline was founded in 1996. They provide cutting-edge insurance software that facilitates direct-to-consumer sales, distribution management, mobile engagement, and digital payment solutions. They were acquired by Vencora in 2017.
Silvervine is an industry leading provider of cutting-edge insurance software that facilitates direct-to-consumer sales, distribution management, mobile engagement, and digital payment solutions . Their solutions improve efficiency, reduce operational costs, and enhance customer experience.
Silvervine was founded in 1996. After 15 years in business, it was time to look for a buyer. However, management was not interested in being bought out by a private equity firm or industry player that would overhaul the business.
Silvervine’s management had initial meetings with Vencora and it quickly became clear that Vencora was the right buyer for them. Vencora’s focus on keeping its acquired businesses autonomous and never selling them aligned well with the Silvervine team’s goals.
Post-Acquisition Success
Since joining Vencora, Silvervine has made noticeable improvements by collaborating heavily with Vencora’s team and utilizing their expertise. The company received support in developing a marketing and sales strategy, built around providing exceptional value to key accounts.
The company was able to consolidate service solutions with other Vencora businesses, in order to share costs and drive further growth.
Additionally, Vencora supported Silvervine with their product management and R&D strategies, centered on tailored enhancements for customers. Meanwhile, the company was able to consolidate service solutions with other Vencora businesses, in order to share costs and drive further growth.
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