Insurance software firm cutting 23 local jobs

Bothell, Wash.-based Vertafore Inc. will eliminate 23 jobs at its Indianapolis office early next year.

The developer of insurance software notified the Indiana Department of Workforce Development on Tuesday that it will begin the layoffs at its office on the city's northwest side Jan. 31.

The company said it plans to restructure Indianapolis operations and move some business functions to the company’s East Lansing, Mich., and Bothell, Wash., locations. Local employees losing their jobs include software engineers, product representatives and support staff.

The office, located at 7835 Woodland Drive, will remain open with about 40 employees.

Vertafore arrived in Indianapolis in August 2011 through its acquisition of Kaplan Compliance Solutions, a locally based insurance and securities software firm.

The company also has offices in Moorpark, Calif.; Boulder, Colo.; Windsor, Conn.; Conyers, Ga.; and Pulaski, Tenn., according to its website.

Editor's note: An earlier version of this story incorrectly reported that Vertafore planned to close its local office.

 

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.