About InsPro Technologies
InsPro Technologies is a company based in Crum Lynne (United States) founded in 1986 was acquired by Majesco in January 2020.. The company has 54 employees as of December 31, 2019. InsPro Technologies operates in a competitive market with competitors including Change Healthcare, Innovaccer, HealthEdge, Zelis Healthcare and Alegeus, among others.
- Headquarter Crum Lynne, United States
- Employees 54 as on 31 Dec, 2019
- Stage Public
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Sectors
Financial ServicesHealthcare
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Phone
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Website
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Social
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- Legal Name Inspro Technologies Corp
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Funding Insights of InsPro Technologies
- Total Funding Total Funding
- Total Rounds 6
- Last Round Post-IPO — $300,000
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First Round
First Round
(20 Nov 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Post-IPO - InsPro Technologies | Valuation |
investors |
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| Apr, 2017 | Amount | Post-IPO - InsPro Technologies | Valuation |
investors |
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| Oct, 2015 | Amount | Post-IPO - InsPro Technologies | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in InsPro Technologies
InsPro Technologies has secured backing from 1 investor. Prominent investors backing the company include Majesco. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of cloud-based insurance policy management and data analytics solutions for the insurance industry
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by InsPro Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - InsPro Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Inspro Technologies Comparisons
Competitors of InsPro Technologies
InsPro Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Change Healthcare, Innovaccer, HealthEdge, Zelis Healthcare and Alegeus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based solutions are delivered for healthcare payers, providers, and patients.
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| domain | founded_year | HQ Location |
Provider of an AI-powered cloud platform for healthcare performance improvement
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| domain | founded_year | HQ Location |
Software solutions for healthcare payers are provided.
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| domain | founded_year | HQ Location |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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| domain | founded_year | HQ Location |
Healthcare benefits are administered via tax-advantaged account platforms.
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| domain | founded_year | HQ Location |
SaaS-based suite solutions for payers are provided by HighRoads.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Inspro Technologies
Frequently Asked Questions about InsPro Technologies
When was InsPro Technologies founded?
InsPro Technologies was founded in 1986 and raised its 1st funding round 26 years after it was founded.
Where is InsPro Technologies located?
InsPro Technologies is headquartered in Crum Lynne, United States. It is registered at Crum Lynne, Pennsylvania, United States.
How many employees does InsPro Technologies have?
As of Dec 31, 2019, the latest employee count at InsPro Technologies is 54.
What is the annual revenue of InsPro Technologies?
Annual revenue of InsPro Technologies is $14.89M as on Dec 31, 2019.
What does InsPro Technologies do?
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.
Who are the top competitors of InsPro Technologies?
InsPro Technologies's top competitors include Change Healthcare, HealthEdge and Innovaccer.
Who are InsPro Technologies's investors?
InsPro Technologies has 1 investor. Key investors include Majesco.