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.

Trusted by more than 110 insurance carriers, including 19 of North America's top 20 annuity providers, Cooperative Technologies joins Solen's permanent capital portfolio to accelerate long-term growth.

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.