An update on Vertafore: In yesterday’s item about the Bothell company selling for $1.4 billion, I quoted a spokeswoman saying that the sale won’t result in any layoffs.
It turns out there were layoffs at the company this week – on Wednesday, the day before the sale.
The company let go 30 people in its software development group, including one who was understandably peeved by the “no layoffs” comment in my story.
Christy Marble, Vertafore’s vice president of marketing, confirmed the 30 layoffs but said they were not the result of the company’s sale to TPG Capital.
“There are no layoffs as a result of yesterday’s announcement. However we did recently restructure our development team,” she said.
Marble said the company’s simultaneously recruiting 50 more people this year.
“We’re actively recruiting developers with different skill sets than those and we’re continuing to grow our development area,” she said.