"Our focus on serving vertical markets, each of which has customers with similar needs and challenges, allows for narrowly focused and rapid product development, which results in technology that is often better suited than a horizontal solution to address customer needs and challenges. In addition, our proprietary, scalable and secure multi-tenant architecture enables us to have relatively lower research and development expenses than traditional software companies. Based in large part on those advantages, we have invested, and will continue to invest, heavily in research and development at each of our businesses to continue to develop differentiated, vertically-focused cloud-based offerings, which are highlighted by:
•approximately 5,340 commercial and personal property and casualty insurance products from approximately 100 carriers that Bolt is able to offer through its platform;
•the broad reach of FolioDynamix’s wealth management platform, which serviced approximately $ 661 billion of assets under management (“AUM”) as of June 30, 2016 , and its complementary investment advisory services, which encompassed approximately $ 20.4 billion of AUM (of which $ 5.1 billion are Regulatory AUM) as of June 30, 2016 ;
• GovDelivery’s subscriber base in excess of 120 million interested citizens; and
• VelocityEHS’ industry-leading proprietary database, which contains over 10 million safety data sheets. |