FormativGroup acquires Saige Consulting, adding AI and data engineering to its platform. Oct 14, 2026, 09:00 ET WHITE PLAINS, N.Y., Oct. 14, 2026 /PRNewswire/ - Backed by Rockbridge Growth Equity, FormativGroup today announced the acquisition of Saige Consulting, an AI and technology consulting firm that connects business strategy with emerging technology solutions to modernize operational systems and workflows. FormativGroup's strengths across application platforms and data architecture complement Saige's depth in technology strategy, software development, and AI implementation, giving clients a specialized partner to build intelligent operations, from strategy through scalable delivery. The combination brings together business applications, workflow development, data architecture, and AI embedment into business operations. Saige brings distinctive technology capabilities and engineering prowess, seeking to turn integrated platform designs and solutions into tangible, outcome-based results. Further, they have meaningful experience embedding AI and automation into core business workflows to help clients move from aspirational thinking into repeatable use-cases. "Saige brings forward thought leadership and practical solutions into accretive operating and economic results our clients can measure," said Gene Chao, CEO of FormativGroup. "Their teams work across cloud platforms, data architectures, and AI foundations that our solution designs depend on. Saige provides demonstrated experience in applied business-technology." "We built Saige to help leaders see what's possible with technology and turn that possibility into reality," said Charles Hu, Managing Partner of Saige. "We believe joining FormativGroup gives us the scale and expertise to take that ambition further. Together, we believe we can turn AI's promise into practical solutions that strengthen our clients' ability to compete and grow." "We back management teams building focused, well-run platforms," said Tony Pulice, Partner at Rockbridge Growth Equity. "FormativGroup has a clear strategy, and Saige adds engineering depth and a strong foothold in AI and technology consulting. We believe the combination will support steady, long-term growth." About FormativGroup FormativGroup helps clients build technology ecosystems that unlock the full power of their data. By focusing on the right application solutions, integrated workflow designs and data architecture, we strive to strengthen industry and business systems while ensuring information moves to the right place at the right time. About Saige Consulting Saige is a global AI and technology consulting firm that helps public and private sector organizations modernize operations through cloud, data, AI, and workflow automation. Its teams connect business strategy with software engineering and hands-on implementation, guiding clients from discovery through delivery and adoption. For more information, visit www.saigeconsulting.com. About Rockbridge Growth Equity Founded in 2007, Rockbridge Growth Equity is a middle-market private equity firm that partners with founder-led and established companies to accelerate growth and build long-term value. The firm combines financial investment with strategic support through its relationship with the Rock Family of Companies, providing access to industry and operational expertise. Rockbridge manages over $1.7 billion in assets across sectors including e-Commerce and Marketing Services, Financial Services and Fintech, Tech-Enabled Products and Services, and Digital Media. For more information, visit www.rbequity.com. Media Contacts SOURCE Rockbridge Growth Equity; FormativGroup

BrokerTech Connect: Chicago announces growing sponsor lineup and industry programming. BrokerTech Ventures (BTV), the first broker-led convening platform and accelerator focused on insurance innovation, today announced BrokerTech Connect: Chicago, a conference taking place August 31-September 2, 2026 at the Fairmont Chicago, Millennium Park, bringing together insurance brokers, carriers, investors, and insurtech innovators for networking, collaboration, and thought leadership focused on the future of insurance. Designed to foster meaningful connections across the insurance ecosystem, BrokerTech Connect provides attendees with opportunities to discover emerging technologies, gain insights from industry leaders and innovation experts, and build relationships that drive future partnerships and growth. The event reflects BTV's ongoing commitment to advancing broker-led innovation and helping the industry navigate a rapidly evolving marketplace. "BrokerTech Connect creates an environment where the people building the future of insurance can connect, share ideas and accelerate innovation together," said Mike Victorson, CEO of M3 Insurance and Co-CEO of BrokerTech Ventures. "The insurance industry is experiencing rapid change, and events like this are critical for bringing together industry leaders, entrepreneurs and technology innovators to have meaningful conversations about what comes next." BrokerTech Connect will kick off on August 31 with its signature event, BTV's Happiest Hour, presented by FormativGroup, a Salesforce Consulting Partner. This exclusive gathering brings together insurance executives, founders, investors, and innovation leaders for an evening of meaningful conversations and relationship-building ahead of the conference. Attendance at BTV's Happiest Hour is invitation only, and a separate ticket is required. Conference sessions. The event will feature a keynote presentation from Brian Solis, globally recognized futurist, digital anthropologist, bestselling author, and Head of Global Innovation at ServiceNow. Solis is widely recognized for helping business leaders understand emerging technologies, digital transformation and the future of innovation. In addition to Solis' keynote presentation, attendees will hear from insurance executives, investors, founders, and innovation leaders through a series of educational sessions and discussions focused on the trends transforming the industry, including artificial intelligence, change management, and the next generation of digital-first insurance organizations. 2026 sponsors. BrokerTech Connect: Chicago is supported by an expanding group of sponsors committed to advancing innovation across the insurance ecosystem: * Presenting Sponsor: eventual - eventual is a modern technology company focused on helping insurance teams harness data and AI across middle and back-office workflows, accelerating processes, improving decision-making, and unlocking new growth opportunities. * Happiest Hour Sponsor: FormativGroup, a Salesforce Consulting Partner, helps organizations maximize their investment in Salesforce through strategic advisory and implementation services, enabling smarter customer engagement and operational efficiency. * Sips & Sync Happy Hour Sponsor: Further AI - Trusted AI for Insurance Professionals. Domain specific AI for Insurers, MGAs, and Brokers that automates busywork from insurance workflows. * Innovation Award Sponsors: The BrokerTech Fund - Launched in partnership between BrokerTech Ventures and ManchesterStory, the BrokerTech Fund is the first venture capital fund targeting technology startups developing solutions that specifically address the needs of insurance brokers and wholesalers to identify risks sooner and drive down costs faster. * Lanyard Sponsor: Vertafore - Vertafore powers distribution velocity across the insurance ecosystem with software solutions built for the way insurance works. Combining core digital systems, specialized AI, and an unmatched data foundation, Vertafore helps organizations adapt faster and grow smarter. * Breakout Sponsor: Fulcrum - Fulcrum provides insurance agencies and brokers with AI-powered automation for time-consuming tasks like proposal creation, policy checking, and coverage comparisons. By completing workflows in minutes instead of hours, Fulcrum helps teams reduce manual effort and focus on growing their book of business. * Platinum Sponsor: StitchStudio - StitchStudio is an AI workflow automation platform built specifically for insurance carriers and brokers. It embeds explainable, agent-based AI to reduce manual effort and improve operational efficiency without replacing core systems. * Platinum Sponsor: Coverflow - Coverflow, a San Francisco insurtech, eliminates the administrative burden holding independent agencies back. Its AI platform automates the client-servicing lifecycle - proposals, coverage comparisons, AMS data entry - processing thousands of policy pages daily. Backed by leading investors and integrated with AMS360 and Epic, it cuts manual workflows by 90%, freeing agencies to focus on building their book. "BrokerTech Connect brings together exactly the audience we want to engage - forward-thinking brokers, carriers, and technology partners who are actively shaping the future of insurance," said Mohit Chawla, CEO and Founder at eventual, BrokerTech Connect presenting sponsor. "The conversations that happen at BrokerTech Connect go beyond networking and create opportunities for organizations to learn from one another, build partnerships, and drive real innovation." BrokerTech Connect is drawing strong interest from across the insurance and insurtech ecosystem. Those interested in attending are encouraged to learn more about the event by visiting the BrokerTech Connect website and purchase their ticket by registering here. Originally published on 08.11.26