Solen buys 1035-exchange specialist Cooperative Technologies for insurance push
What's the deal? Solen Software GroupDealroom has a profile for this one. Try Dealroom → has acquired Cooperative TechnologiesDealroom has a profile for this one. Try Dealroom →, an Atlanta-based maker of annuity and life insurance replacement software. Financial terms were not disclosed. The target's tools serve more than 110 insurance carriers, including 19 of North America's 20 largest annuity providers.
What each side brings: Founded in 1990 by Vaughan Lund, Cooperative Technologies automates Section 1035 exchanges — tax-free swaps of insurance and annuity contracts — and reconciles insurance billing. Its products include 1035YellowPages and CT ListBill. Solen is a long-term owner and operator of mission-critical software companies in specialized industries.
Why now? The deal adds a new financial-services vertical to Solen's portfolio and extends its reach into regulated software. Cooperative Technologies joined in May 2026.
What changes? The acquisition is meant to support product development and growth while keeping existing operations and customer relationships intact. Lund will stay on, framing the deal around shared philosophy.
"We have always run Cooperative Technologies as a long-term business, not a short-term opportunity. Solen operates the same way," Lund said. He cited Solen's "commitment to keeping businesses intact, investing in the team, and staying close to customers."
The signal: The deal fits Solen's steady 2026 pattern of buying founder-built niche software — recent additions include transit-software provider TrackitDealroom has a profile for this one. Try Dealroom → and ERP businesses through portfolio company smrtrDealroom has a profile for this one. Try Dealroom →. The significance is less about price than Solen's permanent-capital model entering a tightly embedded insurance niche, where the US annuity market is projected to roughly double to about $900B by 2030.
Read more: citybiz.co
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