About Open GI
Open GI is a company based in Worcester (United Kingdom) founded in 1979 was acquired by Montagu in August 2014. The company has 305 employees as of May 31, 2024. Open GI has completed 2 acquisitions, including HUGHUB and Transactor. Open GI operates in a competitive market with competitors including ReSource Pro, Socotra, FintechOS, EIS Group and Riskcovry, among others.
- Headquarter Worcester, United Kingdom
- Employees 305 as on 31 May, 2024
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Open G I Limited
- Date of Incorporation 30 Sep, 1980
- Jurisdiction WARNDON, WORCESTER
-
Annual Revenue
$55.65 M (USD)-2as on May 31, 2021
-
Net Profit
$15.96 M (USD)-35as on May 31, 2021
-
EBITDA
Not available
-
Latest Funding Round
$404.02 M (USD), Debt – Conventional
Feb 26, 2013
- Investors
-
Employee Count
305
as on May 31, 2024
-
Investments & Acquisitions
HUGHUB
& 1 more
-
Acquired by
Montagu
(Aug 18, 2014)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
People of Open GI
Unlock access to complete
Funding Insights of Open GI
Investors in Open GI
Open GI has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Montagu Private Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Montagu Private Equity is engaged in mid-market business investments.
|
Locked | Locked | Locked |
Investor details for Open GI
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Open GI
Open GI has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include HUGHUB and Transactor.
Investment portfolio details for Open GI
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Cloud-based insurance product development solutions for insurance agents, insurers, and insurance retailers
|
Locked | Locked | 2016 | Locked | |
|
Configurable insurance software is supplied to brokers, insurers, and MGAs.
|
Locked | Locked | 2010 | Locked |
Complete acquisition details for Open GI
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Open GI
Detailed financials for Open GI
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Open Gi Comparisons
Peer comparison for Open GI
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Open GI
Open GI 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 ReSource Pro, Socotra, FintechOS, EIS Group and Riskcovry, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Insurance policy and claim management solutions for the insurance industry
|
|
| Locked | Locked | Locked |
Cloud-based solutions for insurance policy management and underwriting are offered.
|
|
| Locked | Locked | Locked |
AI-based software suite is provided for banking and insurance sectors.
|
|
| Locked | Locked | Locked |
Cloud-based policy management and underwriting solutions for insurance are provided.
|
|
| Locked | Locked | Locked |
A platform for digital insurance distribution and management is provided.
|
|
| Locked | Locked | Locked |
Cloud-based software solutions for credit insurers, surety bonds & trade finance
|
Detailed competitors of Open GI
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Open Gi
Complete news archive for Open GI
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Open GI
Open GI was founded in 1979 and raised its 1st funding round 34 years after it was founded.
Open GI is headquartered in Worcester, United Kingdom. It is registered at Worcester, Worcestershire, United Kingdom.
Simon Badley is the current CEO of Open GI.
As of May 31, 2024, the latest employee count at Open GI is 305.
Annual revenue of Open GI is $55.65M as on May 31, 2021.
Open GI was founded in 1979 and is headquartered in Worcester, United Kingdom. Software solutions are offered for the insurance sector, including policy administration, accounting systems, and FCA-compliant underwriting platforms. Services are extended to insurers, managing general agents, and brokers across personal and commercial lines. The company operates as part of the Open International Group, focusing on distribution channels in the UK market.
Open GI has made 2 acquisitions, including HUGHUB, and Transactor.
Open GI has 1 investor. Key investors include Montagu Private Equity.