Integrated Insurance Software

This sole‑source contract secures a two‑year continuation of the Fund’s proprietary Integrated Insurance Software platform (RiskConnect) from Ventiv Technology Inc. The agreement covers software licensing, hosted services, extensive data extraction and migration of workers’ compensation claims, policy and financial information, and ongoing support, including user‑acceptance testing and secure data transfer. • Proprietary insurance‑software suite (claim processing, policy maintenance, billing, reporting, hosting). • Comprehensive data‑migration: extraction of all WC claims, policy data, financials, and attachments in encrypted ASCII/CSV formats, with sandbox UAT before production load. • Fixed‑price contract valued at $4 million, running July 2026 – June 2028, justified as the only viable source under NM Stat. § 13‑1‑126.