Insurance Technologies LLC

Insurance Technologies LLC

Insurance Technologies LLC

Overview
Date Founded

2005

Headquarters

2 SOUTH CASCADE AVENUE, SUITE 200, COLORADO SPRINGS, CO, 809031604

Type of Company

Private

Industries

Computer Software
Holding Companies

Company Description

Insurance Technologies LLC engages in the provision of sales and regulatory automation solutions to insurance and financial services industries. It offers ForeSight, a mobile point-of-sale illustration platform that supports key aspects of the insurance sales process for multiple lines of business across diverse distribution channels, and FireLight, multi-carrier software as a service (SaaS) e-application solution manages the application data collection and submission process for any line of business and product type on a single platform, generating in order business processing. The company was founded by Larry W. Wiedeman in 1995 and is headquartered in Colorado Springs, CO.

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Executives & Employees

Chief Executive Officer

Chief Operating Officer

Chief Technology Officer

Senior Vice President of Sales

Senior Vice President-Marketing

Senior Vice President, Actuarial Services

Senior Vice President, Client Services

Vice President, Product Management

Vice President, Client Services

Vice President, Client Services

Board of Directors

Member, Board of Directors at New England Life Insurance Co.

Partner at NexPhase Capital LP

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Insurance Technologies LLC
Recent Transactions
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Palm Beach Capital Partners LLC purchases Insurance Technologies LLC

Investors
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42 Ventures objective is to invest in companies located in the US with revenues of $5 million. The firm focus on software-driven companies primarily software-as-a-service, mobile software, artificial intelligence, and big data. Investment size range from $250K to $1.5 million.

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NexPhase Capital seeks investment opportunities in lower middle market growth oriented companies located in North America with an EBITDA of up to $30 million. The firm targets companies operating in the fields of consumer, healthcare, and software & services sectors. It provides financing for control buyouts with an investment size of $25 - $75 million. It also co-leads the transactions.

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Thomas H. Lee Partners (THL) focuses on identifying and obtaining substantial ownership positions in large growth-oriented companies. The firm targets companies that can capitalize on key competitive advantages to increase revenue and free cash flow through market growth, market share gains, distribution or product line expansion and/or market consolidation. They look for companies with well-recognized brand names, dominant market share positions, unique product features and/or distribution, manufacturing or other cost advantages. THL focuses on investments in the following industries: business services, information services, consumer products/retail, financial services, healthcare, industrial and media/communications.

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