About Insurance Technology
Insurance Technology is a company based in Colorado Springs (United States) founded in 1995 was acquired by Thomas H Lee Partners in September 2020. Insurance Technology has raised $5.4 million across 1 funding round from investors including Thomas H Lee Partners, Palm Beach Capital and Moelis Asset Management. The company has 161 employees as of December 31, 2020. Insurance Technology has completed 2 acquisitions, including IXN Tech and MyMedicareBot. Insurance Technology offers products and services including FireLight Sales Platform, ForeSight Sales Illustrations, and Mobile App. Insurance Technology operates in a competitive market with competitors including Noyo, Px, GoHealth, Assurone and Joshu, among others.
- Headquarter Colorado Springs, United States
- Employees 161 as on 31 Dec, 2020
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Sectors
Financial Services
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Phone
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$5.4 M (USD)
in 1 rounds
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Latest Funding Round
$5.4 M (USD), Private Equity Round
Oct 11, 2005
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Investors
Thomas H Lee Partners
& 2 more
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Employee Count
161
as on Dec 31, 2020
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Investments & Acquisitions
IXN Tech
& 1 more
- Acquired by
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Products & Services of Insurance Technology
Insurance Technology offers a comprehensive portfolio of products and services, including FireLight Sales Platform, ForeSight Sales Illustrations, and Mobile App.
Platform for digital sales in life insurance and annuities.
Software for comparing and presenting insurance products.
App for on-the-go quoting and sales in insurance.
People of Insurance Technology
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Funding Insights of Insurance Technology
Insurance Technology has successfully raised a total of $5.4M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $5.4 million completed in October 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Insurance Technology
Insurance Technology has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Thomas H Lee Partners, Palm Beach Capital and Moelis Asset Management.
| Investor | Description | Founded Year | Domain | Location |
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Palm Beach Capital is engaged in private equity investments for growth-oriented companies in the U.S. lower middle market.
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Private equity investments are directed toward traditional industries.
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Asset management services involving loans, funds, and equity investments.
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Investor details for Insurance Technology
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Insurance Technology
Insurance Technology has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include IXN Tech and MyMedicareBot.
Investment portfolio details for Insurance Technology
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of solution for sales and marketing in life science sector
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Software solutions for life insurance agents and carriers are provided.
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Locked | Locked | 2011 | Locked |
Complete acquisition details for Insurance Technology
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Financial Statements - Insurance Technology
Detailed financials for Insurance Technology
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Insurance Technology Comparisons
Peer comparison for Insurance Technology
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Competitors of Insurance Technology
Insurance Technology 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 Noyo, Px, GoHealth, Assurone and Joshu, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Insurance data exchange and benefit administration solutions for employers
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Lead exchange platform is operated as SaaS for advertisers.
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Healthcare insurance solutions are offered via a digital platform.
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Insurance distribution solutions for Insurance players
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Digital distribution and sales solutions for insurance carriers are provided.
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Detailed competitors of Insurance Technology
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Latest news on Insurance Technology
Complete news archive for Insurance Technology
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Frequently Asked Questions about Insurance Technology
Insurance Technology was founded in 1995 and raised its 1st funding round 10 years after it was founded.
Insurance Technology is headquartered in Colorado Springs, United States. It is registered at Colorado Springs, Colorado, United States.
Insurance Technology is a funded company, having raised a total of $5.4M across 1 funding round to date.
As of Dec 31, 2020, the latest employee count at Insurance Technology is 161.
Insurance Technology was founded in 1995 and is based in Colorado Springs, United States. Sales and regulatory automation solutions are delivered to the insurance and financial services sectors. ForeSight serves as a white-label mobile point-of-sale platform, supporting insurance sales processes across multiple business lines and distribution channels with tailored user interfaces. FireLight functions as a device-agnostic e-application platform, enabling automated fulfillment and straight-through processing for various sales workflows.
Insurance Technology offers FireLight Sales Platform, ForeSight Sales Illustrations, and Mobile App.
Insurance Technology has made 2 acquisitions, including IXN Tech, and MyMedicareBot.
Insurance Technology has 3 investors. Key investors include Thomas H Lee Partners, Palm Beach Capital, and Moelis Asset Management.