PRO1153

Insurance Software Platform

Southeast US
 

Software developer pairing 35 years of trusted consulting expertise to its user-friendly, customizable technology. The company caters to life and annuity insurance companies and has a stable, monthly, recurring-revenue model in place.

Key Aspects:

  • Maintenance and support generate monthly recurring revenue model
  • Blue-chip customer base includes Humana, Zurich, MassMutual, and New York Life
  • Comprehensive and flexible software solution
  • Team has extensive hands-on experience in all aspects of insurance operations and all major types of insurance products
  • Small, tightly-focused company with a virtual business model
  • Key customer relationships span 20 years and encompass international customers

    Opportunities:

    • Create a sales team
    • Continue the development and enhancement of the software application
    • Further pursue Caribbean and Latin American markets
    • Pursue niche product sales
    • Take advantage of growth within current customer base
       
       
       
      Year:

      2016

      Actual

      '000

      2017

      Actual

      '000

      2018

      Actual

      '000

      Turnover4,6324,2194,770
      Gross Profit:4,4284,0344,598
      Adj. EBITDA *1,6891,0291,751
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited