About SEG Software
SEG Software is a Financial Services company based in Glastonbury (United States) founded in 2002, and was acquired by Mastek in December 2010. It operates as a policy administration software is offered for insurance products. The company was acqui-hired. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Policy Administration. Its competitors include Bimaplan, Ametros, Premier Healthcare Exchange, Vitech and InsPro Technologies and 5 more; 5 of its 10 listed competitors have raised funding.
Company details
SEG Software was founded in 2002 and is headquartered in Glastonbury, United States. Policy administration software is provided by the company for the insurance sector, focusing on individual and group life, health, and annuity products. Operations center on delivering these solutions to support insurance policy management. The company was acquired by MajescoMastek in December 2010.
- Headquarters Glastonbury, United States
- Stage Acquired
- SectorsFinancial Services
- Website segsoftware.com
- Social LinkedIn
- Acquired by Mastek (Dec 2010)
Investors in SEG Software
SEG Software has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mastek.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of IT services for businesses | 1982 | mastek.com | Mumbai, India |
Investor details for SEG Software
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- Complete investor list
- Round participation
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Timeline of SEG Software
2 dated milestones of SEG Software across 8 years, from founding to its latest funding, stage changes and deals.
- Founded SEG Software is founded.
- Exit Acquired by Mastek.
Competitors of SEG Software
SEG Software has 10 listed competitors in our database, 5 of them funded. They include Bimaplan, Ametros, Premier Healthcare Exchange, Vitech and InsPro Technologies, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bimaplan.co | 2020 | Bengaluru, India | $6.63M | 42 | Multiple insurance policies are enabled through a digital platform. | |
| ametros.com | 2010 | Burlington, United States | $20M | 117 | Provider of medical funds management and settlement services | |
| phx-online.com | 2001 | Bedminster, United States | $4M | 320 | Health insurance claims, networks, and payments are managed through software. | |
| vitechinc.com | 1986 | New York, United States | – | 885 | Administration software for insurance, retirement, and investments is offered. | |
| inspro.com | 1986 | Crum Lynne, United States | – | 54 | Provider of an insurance policy administration software for payers | |
| icoverinsure.com | 2018 | Chesterfield, United States | $5M | 1 | Life insurance policies are administered online for insurers and brokers. | |
| clinicnote.com | 2015 | Des Moines, United States | $115,000 | – | EMR software for clinic documentation, scheduling, billing, and patient management. | |
| alulatechnologies.com | 2022 | London, United Kingdom | – | – | Provides life and health policy administration solutions. | |
| summarymedical.com | 2018 | Milwaukee, United States | – | – | Software solutions for maintaining medical records are provided. | |
| lidp.com | 1979 | Woodridge, United States | – | – | Offers cloud-native solution for life insurance product administration and APIs. |
Detailed competitors of SEG Software
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- Full competitor set
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Top companies in Insurance Technology & Support Services
10 companies that operate in the same segment as SEG Software (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
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 | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Uusimaa, Finland | USD 1.25 B | USD 111.51 M | 1,156 | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | 649 | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 215 M | – | 109 |
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Frequently Asked Questions about SEG Software
SEG Software was founded in 2002.
SEG Software is headquartered in Glastonbury, United States. It is registered at Glastonbury, Connecticut, United States.
SEG Software was founded in 2002 and is headquartered in Glastonbury, United States. Policy administration software is provided by the company for the insurance sector, focusing on individual and group life, health, and annuity products. Operations center on delivering these solutions to support insurance policy management. The company was acquired by MajescoMastek in December 2010.
SEG Software has 1 investor. Key investors include Mastek.
Yes. SEG Software was acquired by Mastek in December 2010.