Coinciding with the acquisition Steve Hauck, co-founder of AgencyPort, will lead Sword’s insurance division as CEO in the Americas and AgencyPort co-founder Eric Harnden will take on the Global role of CTO for Sword in insurance. They will join an elite team of executives from Sword to drive the newly-combined division consisting of 350 experienced staff, pro-forma revenues of more than $77 million in 2009 and forecasted revenue of $100 million in 2010.

Sword’s insurance proposition will bring a unique combination of products that span policy administration (Sword Intech) and multi-channel CRM (Sword Ciboodle) with AgencyPort’s distribution technology (the renamed Sword AgencyPort). Each of these three components will retain its own product development strategy to remain best-in-class and additional resources will be allocated to realize product integration.

Commenting on the impact on the property & casualty market, Matthew Josefowicz, head of the insurance practice at Novarica stated “Bringing together AgencyPort's strong front-end solutions and loyal client base with Sword's core processing and CRM capabilities creates a very interesting option for US P&C insurers."

Heath Davies, Chief Executive Officer Sword Group said, “The acquisition of AgencyPort is a strategic step for the Group and our customers. We are moving towards our goal of providing an impressive a-la-carte portfolio of leading software solutions encompassing policy administration, CRM and distribution technology to the global insurance marketplace. AgencyPort’s customer base in the Americas, ACORD-based product suite and over 100 professionals trained in insurance IT delivery will be a strong addition to our existing operations and key ingredients as we grow our US and global market footprint.”

“We are very pleased that AgencyPort has joined Sword Group,” confirmed Steve Hauck. “Sword is a rapidly growing and global software business with a proven acquisition strategy which allows us to immediately extend our market presence and offer even greater value to both the Sword and AgencyPort client bases. The best reflection of our strategic synergy is the fact that already numerous customers and prospects are engaged in evaluating the combination of our respective offerings.”

“This agreement brings together a unique combination of best-of-breed components,” said AgencyPort’s Eric Harnden. “Our team, our culture, our focus on innovation and our ability to execute for customers have been the key drivers for our success and these won’t change. Sword brings us both a complementary suite of proven products and the resources needed to help us scale on a global level such as internationalization of our products, 24x7 hosting services, offshore development and a global delivery infrastructure.”

Kevin Ebers, Senior Vice President of Information Technology at WR Berkley stated: “As a customer of both Sword Intech and AgencyPort, we are enthusiastic about deriving the additional value resulting from the combination of these two companies.”

For more information about Sword’s software portfolio visit www.sword-group.com.

For more information on AgencyPort, visit www.agencyport.com.

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About Sword Group
Sword Group (www.sword-group.com) delivers high value business applications to the world’s largest companies globally. With operations in 37 countries, Sword today employs over 1700 people. An international leader in the delivery of Business Process Improvement solutions, Sword’s skills, infrastructure and experience help our customers across regulated industries optimise performance, increase efficiencies and maximise return on investment. With flexible delivery options, including On Demand and On Premises, combined with our extensive industry expertise, Sword provides comprehensive support to customers across insurance & healthcare, energy, banking & finance, telecoms, utilities, engineering & construction and government.

About AgencyPort
AgencyPort (www.agencyport.com) is the leading provider of web-based solutions designed specifically for property and casualty insurers. Our agency portal and interface products make it easy for agents to transact business, enhance the underwriting process and extend the life of carrier’s existing policy administration systems. The result is a significant increase in process efficiency for both carriers and agents. The company was founded in 2000 and is headquartered in Boston, MA.

Morgan Keegan Technology Group, a division of Morgan Keegan, is one of the nation's largest middle market investment banks specializing in mergers and acquisitions, private capital advisory and complete public equity capital markets services for the technology industry. Morgan Keegan Technology Group is highly-regarded for its expertise in particular technology niches including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors.

Morgan Keegan Technology Group was founded in 2001 by former senior technology bankers from major Wall Street investment banks. The firm's bankers have executed M&A transactions exceeding $10 billion in value over the course of their careers, including some of the most successful mergers in the industry. The partners also have raised over $6 billion of private capital for more than 100 clients. Today, with offices in Boston, Los Angeles, New York and San Francisco, Morgan Keegan Technology Group continues to apply its partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies.

In 2008 Morgan Keegan Technology Group was acquired by Morgan Keegan & Company, Inc. whose investment banking, brokerage and asset management capabilities are delivered by 4,400 employees from 300 offices. The firm is a subsidiary of Regions Financial (NYSE: RF), one of the nation's largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Together with Morgan Keegan, Revolution shares an entrepreneurial culture and commitment to high-quality transaction execution led by experienced senior bankers. For more information, visit www.revolutionpartners.com.