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Connecture cuts staff, raises capital after 2016 losses

Mar 15, 2017 - Milwaukee Business Journal

After reporting a 2016 net loss of $26.5 million and a 14.6 percent decrease in revenue for the year, Brookfield-based Connecture Inc. disclosed reducing its workforce and raising capital from a private-equity firm that now owns the majority of Connecture.

Connecture (Nasdaq: CNXR) is a provider of web-based information systems used to create health insurance marketplaces. The company's headquarters are in 32,000 square feet of leased space at 18500 W. Corporate Drive in Brookfield.