About NuGen IT
NuGen IT is a company based in Lenexa (United States) founded in 2006 was acquired by OEC in July 2020.. The company has 20 employees as of December 31, 2022. NuGen IT offers products and services including Total Loss Workbook, GEO Labor Rate & Tax Guide, DeskRev, and Enterprise Workflow. NuGen IT operates in a competitive market with competitors including CLARA analytics, RYZE Claim Solutions, Insoore, Eucon and n2uitive, among others.
- Headquarter Lenexa, United States
- Employees 20 as on 31 Dec, 2022
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Nugen It, Inc.
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Products & Services of NuGen IT
NuGen IT offers a comprehensive portfolio of products and services, including Total Loss Workbook, GEO Labor Rate & Tax Guide, DeskRev, and Enterprise Workflow. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Calculates state taxes and fees for vehicle total loss claims accurately.
Provides location-specific labor and tax rates for repair estimates.
Supports audits of repair estimates and policy compliance checks.
Facilitates electronic communication for claims with external partners.
Funding Insights of NuGen IT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in NuGen IT
NuGen IT has secured backing from 1 investor. Prominent investors backing the company include OEC. 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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Original equipment automotive parts software solutions are provided to dealers.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by NuGen IT
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NuGen IT
| 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 |
Nugen It Comparisons
Competitors of NuGen IT
NuGen IT 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 CLARA analytics, RYZE Claim Solutions, Insoore, Eucon and n2uitive, 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 |
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| domain | founded_year | HQ Location |
Workers' compensation claims are managed via predictive analytics.
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Property and casualty claims services are managed for insurers.
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P&C insurance claims are processed for fleet management and insurers.
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Business processes are digitalized through data and analytics solutions.
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SaaS software and analytics are supplied for insurance claims processing.
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Insurance checkout solutions for e-commerce businesses
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nugen It
Frequently Asked Questions about NuGen IT
When was NuGen IT founded?
NuGen IT was founded in 2006.
Where is NuGen IT located?
NuGen IT is headquartered in Lenexa, United States. It is registered at Lenexa, Kansas, United States.
How many employees does NuGen IT have?
As of Dec 31, 2022, the latest employee count at NuGen IT is 20.
What does NuGen IT do?
NuGen IT was founded in 2006 and is based in Lenexa, United States. Software solutions for claims processing are provided to collision repair shops and insurance carriers. Appointment scheduling, assignment dispatching, compliance monitoring, and performance analytics are enabled through these tools. Operations focus on the automotive repair and insurance sectors, supporting efficiency in claims management workflows.
Who are the top competitors of NuGen IT?
NuGen IT's top competitors include CLARA analytics, RYZE Claim Solutions and n2uitive.
What products or services does NuGen IT offer?
NuGen IT offers Total Loss Workbook, GEO Labor Rate & Tax Guide, DeskRev, and Enterprise Workflow.
Who are NuGen IT's investors?
NuGen IT has 1 investor. Key investors include OEC.
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