October 19, 2026 Newswires

Solen Software acquires annuity software provider Cooperative Technologies

Business Wire

Atlanta-based insurance software company, trusted by more than 110 carriers including 19 of the top 20 North American annuity providers, joins Solen's permanent capital portfolio

SALT LAKE CITY--(BUSINESS WIRE)--
Solen Software Group, a permanent home for exceptional software companies, today announced the acquisition of Cooperative Technologies, Inc., an Atlanta-based provider of annuity and life insurance replacement data software. Cooperative Technologies' 1035 exchange automation and list bill reconciliation solutions help insurance carriers and broker-dealers automate back-office workflows and meet standards-based reporting requirements.

Mission-Critical Insurance Software Built on More Than 30 Years of Industry Expertise

Founded by Vaughan Lund in 1990, Cooperative Technologies has spent more than three decades helping insurance carriers and broker-dealers across North America streamline annuity and life insurance replacements. The company's proprietary products, including 1035YellowPages Web Service, 1035YellowPages Web Site, and CT ListBill, deliver 1035 exchange automation and list bill reconciliation that keep mission-critical back-office operations running accurately and at scale.

Cooperative Technologies serves more than 110 insurance carriers, including 19 of the top 20 annuity providers in North America. The company's depth of industry knowledge and carrier relationships have made it a trusted infrastructure provider across one of the most compliance-sensitive sectors in financial services. In 2025, Insurance CIO Outlook recognized Cooperative Technologies as the Top Automated Insurance Back Office Operations Solution. Headquartered in Atlanta, Georgia, the company has built a long-standing reputation as a reliable, long-term technology partner to the insurance industry.

Why Cooperative Technologies Chose a Permanent Capital Partner

"We have always run Cooperative Technologies as a long-term business, not a short-term opportunity. Solen operates the same way. Their commitment to keeping businesses intact, investing in the team, and staying close to customers made this the right decision. I am proud of what this company has built for the insurance industry, and I am confident it is in good hands," said Vaughan Lund, President of Cooperative Technologies.

Solen's Long-Term Partnership Approach to Mission-Critical Software

“Cooperative Technologies is exactly the kind of vertical software business we look to partner with,” said Sam Clayton, Investment Partner at Solen Software Group. “Vaughan has built a company that helps insurance carriers and broker dealers navigate the complex data and workflows involved in annuity and life insurance replacements. With more than 110 carrier relationships and over 30 years of industry experience, Cooperative Technologies has established a strong position in a specialized market. We are proud to be the permanent home for what Vaughan and the Cooperative Technologies team have built, and we look forward to investing in its continued growth.”

Cooperative Technologies will continue operating with autonomy, with Solen supporting the business through long-term ownership and optional shared services, allowing the Cooperative Technologies team to remain focused on its insurance carrier customers and the continued development of its 1035 exchange and list bill platform.

About Cooperative Technologies

Cooperative Technologies, Inc. is an Atlanta, Georgia-based provider of annuity and life insurance replacement data software. Founded in 1990, the company's products, including 1035YellowPages Web Service, 1035YellowPages Web Site, and CT ListBill, help more than 110 insurance carriers and broker-dealers across North America automate 1035 exchanges and list bill reconciliation. Learn more at https://www.cooperativetechnologies.com/.

About Solen Software Group

Solen Software Group is a permanent capital acquirer and operator of resilient, mission-critical software businesses serving enterprise B2B markets. Solen partners with founders to give the companies they built a permanent home, preserving the values, teams and customer relationships that made each business successful. Solen operates without predefined exit timelines and invests for the long term. Learn more at solensoftwaregroup.com.

Solen has offices in Salt Lake City, New York City, Toronto, Lisbon, São Carlos and São Paulo.

Forward-looking statements

This press release may contain forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied.