Vymo Receives Prestigious Advanced Functionality Ranking from Celent for Distribution Management New Celent Report Recognizes Vymo in Compliance Category

News release by Vymo, Inc.

Sunnyvale, CA | July 23, 2024 08:00 AM Eastern Daylight Time

Vymo, a leading multi-channel distribution management platform powered by AI for the global insurance industry, announced today that Celent, a renowned research and consulting firm focused on financial services technology, recognized Vymo in its new report, Insurance Distribution Management Solutions: North America Edition. Celent notes that use of distribution management systems is increasing and growing more sophisticated, as market changes such as insurance agency consolidation, the proliferation of channels, and the growing demand for data, take hold.

The report profiles 14 distribution management solutions including Vymo, outlining their functionality, customer base, technology, implementation, and support as a “first step toward creating a shortlist of vendors for evaluation” for insurance companies.

“We are pleased to announce that Vymo Distribution Management has earned Celent’s prestigious Advanced Functionality ranking in the category of Compliance in the 2024 Distribution Management SolutionScape,” said Karlyn Carnahan, head of Celent’s North American insurance practice. “Vymo's compliance solution, powered by AI and Gen AI, not only enhances productivity but also fosters innovation. This recognition underscores Vymo's unwavering dedication to delivering exceptional technology solutions for the insurance industry.”

Eric Bustos, General Manager of Vymo’s U.S. operations, noted: “Our suite of modular applications ensures effective and adaptable solutions to enhance the producer experience at pivotal stages in the producer lifecycle. From agent recruiting and onboarding to activity tracking, training, and sales enablement through intelligent lead management, our technology enhances agent performance. Today, Vymo is honored to be recognized by Celent for our excellence in the producer compliance sector. This recognition marks a significant milestone in our mission to expand our North American presence and provide cutting-edge technology and services to insurance companies and agencies across the region.”

About Vymo®

Vymo is a global provider of a smart distribution management platform powered by AI to deliver data-driven insights and transform the way your business operates. Meticulously crafted for insurers, MGAs, FMOs, IMOs, and insurance distributors who have outgrown legacy sales and account management tools and require greater automation for producer administration and sales processes. Vymo's platform features a suite of modular applications – including OnboardIQ and EngageIQ, and is engineered to deliver a superior producer experience through critical steps in the sales process; such as onboarding, compliance, activity tracking, and sales enablement.

Vymo has raised over $45M in funding from Sequoia Capital, Emergence Capital, and Bertelsmann India Investments and is also a winner of CB Insights' and Microsoft's 'AI for All' awards.

Additional Resources:

Vymo Distribution Management Platform

Vymo OnboardIQ

Vymo EngageIQ for Leaders

Vymo EngageIQ for Sellers

U.S. Media Contact:

Meir Kahtan

MKPR

mkahtan@rcn.com

+1 917-864-0800

Vymo, Inc.

Michael Palmisano