About InsPro Technologies
InsPro Technologies is a Financial Services company based in Crum Lynne (United States) founded in 1986, and was acquired by Majesco in January 2020. Provider of an insurance policy administration software for payers. It operates in the Financial Services and Healthcare sectors. The company has 54 employees. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Policy Administration. Its legal entity is INSPRO TECHNOLOGIES CORP. Its competitors include Change Healthcare, Innovaccer and HealthEdge; 3 of its 3 listed competitors have raised funding.
Company details
InsPro Technologies provides group and individual insurance, policy administration software for health, life, and annuities, called InsPro Enterprise. This is a web-based software that crosses the entire enterprise of an insurance agency - from marketing to operations. The software also spans the entire insurance product and policy lifecycle and offers integrated support for all channels, policies, and users. InsPro Enterprise manages billing, claims, and payments for insurance agencies. Since it is built on a web-based architecture, InsPro enables companies to consolidate multiple policies into one processing platform. In addition to the web-based software, InsPro also offers customers optional hosting, application management, and tech support.
- Headquarters Crum Lynne, United States
- Employees 54
- Stage Acquired
- SectorsFinancial ServicesHealthcare
- Website inspro.com
- Social LinkedIn X
- Acquired by Majesco (Jan 2020)
- Legal Name Inspro Technologies Corp
Funding Insights of InsPro Technologies
- Total Rounds 6
- Last Round Post-IPO — $300,000
- First Round $1.5M
(Nov 2012)
All 6 funding rounds of InsPro Technologies 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 |
|---|---|---|---|---|---|
| May 2017 | $300,000 | Post-IPO | – | – | – |
| Apr 2017 | $2M | Post-IPO | – | – | – |
| Oct 2015 | $999,999 | Post-IPO | – | – | – |
| Sep 2015 | $3.49M | Post-IPO | – | – | – |
| Sep 2013 | $1.5M | Post-IPO | – | – | – |
| Nov 2012 | $1.5M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in InsPro Technologies
InsPro Technologies has secured backing from 1 investor. Prominent investors backing the company include Majesco.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of cloud-based insurance policy management and data analytics solutions for the insurance industry | 2015 | majesco.com | Morristown, United States |
Investor details for InsPro Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Timeline of InsPro Technologies
5 dated milestones of InsPro Technologies across 34 years, from founding to its latest funding, stage changes and deals.
- Founded InsPro Technologies is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $1.5M.
- Funding Latest funding round, Post-IPO, of $300K.
- Exit Acquired by Majesco.
Competitors of InsPro Technologies
InsPro Technologies has 3 listed competitors in our database, 3 of them funded. They include Change Healthcare, Innovaccer and HealthEdge.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| changehealthcare.com | 2007 | Nashville, United States | $35.99M | 11,310 | Cloud-based solutions are delivered for healthcare payers, providers, and patients. | |
| innovaccer.com | 2014 | San Francisco, United States | $675M | 1,125 | Provider of an AI-powered cloud platform for healthcare performance improvement | |
| healthedge.com | 2004 | Burlington, United States | $108.47M | Software solutions for healthcare payers are provided. |
Detailed competitors of InsPro Technologies
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of InsPro Technologies
Websites that share an audience with InsPro Technologies (inspro.com).
Websites whose visitors overlap most with InsPro Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
majescomastek.com | majescomastek.com | 100% | – | ||
mastek.co.in | mastek.co.in | 96% | – | ||
| oracle.com | 69% | 18.1M | #2,347 | View details |
Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as InsPro Technologies (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 | 226 | ||
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 Inspro Technologies
Complete news archive for InsPro Technologies
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Frequently Asked Questions about InsPro Technologies
InsPro Technologies was founded in 1986 and raised its 1st funding round 26 years after it was founded.
InsPro Technologies is headquartered in Crum Lynne, United States. It is registered at Crum Lynne, Pennsylvania, United States.
InsPro Technologies has 54 employees.
Annual revenue of InsPro Technologies is $14.89M as on Dec 31, 2019.
InsPro Technologies provides group and individual insurance, policy administration software for health, life, and annuities, called InsPro Enterprise. This is a web-based software that crosses the entire enterprise of an insurance agency - from marketing to operations. The software also spans the entire insurance product and policy lifecycle and offers integrated support for all channels, policies, and users. InsPro Enterprise manages billing, claims, and payments for insurance agencies. Since it is built on a web-based architecture, InsPro enables companies to consolidate multiple policies into one processing platform. In addition to the web-based software, InsPro also offers customers optional hosting, application management, and tech support.
InsPro Technologies's top competitors include Change Healthcare, HealthEdge and Innovaccer.
InsPro Technologies has 1 investor. Key investors include Majesco.
InsPro Technologies operates through Inspro Technologies Corp.
Yes. InsPro Technologies was acquired by Majesco in January 2020.