We are pleased to share exciting news with you, as a valued client, before Insurity launches a press release later today.
Insurity has signed a definitive agreement in which GI Partners will make a significant investment in our company. GI Partners, a leading private investment firm, will collaborate with our senior management team to accelerate Insurity’s growth as we expand our leadership in policy administration and related software solutions. This partnership also will enable us to leverage GI Partners’ expertise in driving organic growth and value through acquisitions. We expect the transaction to be completed in the third quarter of 2019.
We are grateful for the support of Insurity’s existing investors: TA Associates, General Atlantic Partners and Genstar Capital. With our investment partners, Insurity has been able to respond to and lead the digital transformation occurring across the insurance industry.
Less than a year ago, we announced ONE Insurity, our commitment to bring all of our experience, expertise and technological capabilities into a unified, client-centric company that adds value to the top and bottom lines of all our clients. As ONE Insurity, we’re streamlining our market-leading approach to focus on three key elements: Speed to Value, Industry Expertise and Cloud Technology Leadership.
Our partnership with GI Partners will enable Insurity to begin our next stage of growth and innovation. This private equity investment enables us to deliver on the promise of ONE Insurity, expand our platform and offer an enhanced experience to our clients. GI Partners has a proven track record of value creation through organic growth, talent development, technology enablement, and strategic mergers and acquisitions. Our collaboration with GI Partners will pursue all of these strategies, to further Insurity’s position as a market leader.
Even though we’re excited to have a new majority investment partner, you should know what isn’t changing. Our clients’ relationships with Insurity will not change, nor will the service and product innovation our clients expect and deserve. Insurity will continue to be a leading provider of policy administration, claims, billing and data analytics software. Our mission continues: To offer innovative and flexible insurance technology that allows clients to meet their business goals through a simplified experience. With the market’s most advanced cloud operations and digital capabilities, Insurity’s platform will continue to offer scalable, highly secure and reliable solutions that increase speed to value.
We are honored to do business with you and are eager to discuss how Insurity can provide new services and expertise to help your organization achieve its goals.
Please do not hesitate to reach out to me or Michele Shepard, Chief Revenue Officer. We look forward to hearing from you.
Chief Executive Officer
For more information, please read the press release here.