UltraLink's Web-based benefit management technology is making inroads in the insurance market through a partnership with Robert F. Driver Co. Inc., one of the largest insurance brokerage operations in the nation. Both companies are privately held. Financial details of the deal were not disclosed. Driver does business in more than 15 states. Should Driver clients want to purchase the system, UltraLink will bill customers directly, Vicenti said.
Driver earns revenue through brokerage fees.
UltraLink also makes iAdmin, a benefits administration system used by human resources and insurance brokers to reduce coverage lagtime and errors. Benefit admin moves online Employer demand for online benefits administration is rapidly growing. According to a recent survey from Forrester Research, employer use of the Internet for administration is estimated to reach 86 percent by 2005. Capital Z Financial is a funding arm of New York-based private equity firm Capital Z Partners. E-mail her with story ideas or comments.