About Fast Technology
Fast Technology is a Financial Services company based in Edison (United States) founded in 2006, and was acquired by Verisk in December 2019. Component-based software solutions are offered for insurance operations. Its website fasttechnology.com draws about 18 thousand monthly visits. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Insurance Software Suite. Its legal entity is FAST TECHNOLOGY, L.L.C. Its competitors include ReSource Pro, Socotra and EIS Group; 3 of its 3 listed competitors have raised funding.
Company details
FAST was established in 2006 and is headquartered in Edison, United States. Software solutions based on components are developed for the insurance sector, addressing areas such as policy administration, new business intake, underwriting processes, distribution management, and claims handling. These tools support core operational needs within the industry.
- Headquarters Edison, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website fasttechnology.com
- Social LinkedIn X
- Acquired by Verisk (Dec 2019)
- Legal Name Fast Technology, L.L.C.
Funding Insights of Fast Technology
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Fast Technology with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2015 | Series A | – | Moelis Asset Management | – |
4 investors in total: 4 institutional.
Investors in Fast Technology
Fast Technology has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Verisk, Moelis Asset Management and Constitution Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Asset management services involving loans, funds, and equity investments. | moelisassetmanagement.com | |||
Constitution Capital Partners is engaged in alternative investment management. | concp.com | Andover, United States | ||
| moeliscapitalpartners.com | ||||
Insurance data insight and risk analytics solutions for the insurance industry | 1971 | verisk.com | Jersey City, United States |
Investor details for Fast Technology
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of Fast Technology
4 dated milestones of Fast Technology across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Fast Technology is founded.
- Funding First funding round.
- Exit Acquired by Moelis Capital Partners.
- Exit Acquired by Verisk.
Competitors of Fast Technology
Fast Technology has 3 listed competitors in our database, 3 of them funded. They include ReSource Pro, Socotra and EIS Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| resourcepro.com | 2003 | New York, United States | $87.37M | 3,180 | Insurance policy and claim management solutions for the insurance industry | |
| socotra.com | 2014 | San Francisco, United States | $85.09M | 37 | Cloud-based solutions for insurance policy management and underwriting are offered. | |
| eisgroup.com | 2008 | San Francisco, United States | $162.45M | Cloud-based policy management and underwriting solutions for insurance are provided. |
Detailed competitors of Fast Technology
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Fast Technology
The website of Fast Technology (fasttechnology.com) receives about 17.8K visits a month.
- Monthly visits17.8K
▲ 54.5% vs previous month
Websites whose visitors overlap most with Fast Technology. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| simplybusiness.co.uk | 100% | 644.1K | #73,626 | View details | |
| nationwide.com | 74% | 3.1M | #13,683 | View details | |
| ipipeline.com | 73% | 1.5M | #20,625 | View details | |
blog.willis.com | blog.willis.com | 71% | – | ||
| comparisoncreator.com | 71% | 39.5K | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Fast Technology
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as Fast Technology (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 4,445 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Related news about Fast Technology
Complete news archive for Fast Technology
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Fast Technology
Fast Technology was founded in 2006 and raised its 1st funding round 9 years after it was founded.
Fast Technology is headquartered in Edison, United States. It is registered at Edison, New Jersey, United States.
FAST was established in 2006 and is headquartered in Edison, United States. Software solutions based on components are developed for the insurance sector, addressing areas such as policy administration, new business intake, underwriting processes, distribution management, and claims handling. These tools support core operational needs within the industry.
Fast Technology's top competitors include Socotra, ReSource Pro and EIS Group.
Fast Technology has 4 investors. Key investors include Verisk, Moelis Asset Management, Constitution Capital Partners, and Moelis Capital Partners.
Fast Technology operates through Fast Technology, L.L.C..
Yes. Fast Technology was acquired by Verisk in December 2019.