Sircon to Help U.S. Bancorp Leverage Technology to Manage Licensing, Compliance and Continuing Education Among Its Insurance Agent and Broker Network

Sircon to Provide U.S. Bancorp a Single Online Source for Licensing and Compliance, Speeding Time-to-Revenue and Streamlining U.S. Bancorp’s Billing Process

OKEMOS, Mich., Feb. 26 /PRNewswire/ – Sircon Corporation today announced U.S. Bancorp is its latest Compliance Express(TM) customer. Compliance Express(TM) will help U.S. Bancorp streamline its producer licensing, compliance, and continuing education tracking for its nationwide network of insurance agents and brokers.

Sircon’s Compliance Express(TM) solution helps businesses manage compliance aspects of the producer lifecycle, automating the process of licensing, appointing, renewals, continuing education tracking, name and address changes and more for thousands of producers in multiple writing companies and in multiple states through one simplified process.

“As a user, we at U.S. Bancorp Investments, Inc. are very pleased with Sircon’s online solution for insurance licensing, renewals and changes. It has really helped speed the process to enable our agents to generate revenue more timely, and left less pending paperwork on the Licensing Specialists’ desks,” said Victoria Brevig, Licensing & Registration Manager, U.S. Bancorp Investments, Inc.

As an online service, Compliance Express(TM) offers speedy round-the-clock connections to every state and many territories. Sircon also offers unique, direct connections to 18 states, enabling U.S. Bancorp’s transactions are to be processed and confirmed instantly, speeding time-to-revenue for its agents and brokers. All transactions are billed monthly to U.S. Bancorp via a single invoice, streamlining the company’s financial record-keeping process.

“We’re delighted to help U.S. Bancorp streamline its licensing and compliance activities, enabling its agents and brokers to sell more products in more locations faster,” said Stan Starkey, Vice President of Industry Sales at Sircon. “We look forward to advancing process automation throughout U.S. Bancorp, and anticipate a very productive and successful relationship.”

About U.S. Bancorp

U.S. Bancorp, with $247 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States as of September 30, 2008. The company operates 2,556 banking offices and 4,903 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com .

About Sircon Corporation

Sircon is a wholly owned subsidiary of Vertafore, Inc. Sircon provides a comprehensive producer lifecycle platform to grow, manage and optimize producer channels. The company offers this platform as software-as-a-service (SaaS) to deliver immediate and compelling value to insurance carriers, agencies and brokers, education providers, producers (agents) and state regulators for licensing, recruiting, contracting, appointments, regulatory compliance, education tracking and producer management. Sircon’s solutions provide essential industry services by connecting key stakeholders in the producer lifecycle through the Sircon network. For more information, please visit www.sircon.com or call 877.876.4430.

SOURCE Sircon Corporation