ISI locks in investment from NexPhase Capital for insurance software.

June 19, 2024
1 min read

TLDR:

Insurance software provider ISI has secured investment from NexPhase Capital to support its growth in current markets, expand into new areas, and enhance its product offerings. ISI’s flagship product, ISI Enterprise, enables insurance carriers to manage policy lifecycles. The investment will be used to improve product integrations, speed up implementation processes, and enhance analytics capabilities.

Key Elements of the Article:

NexPhase Capital, a private equity firm, has announced an investment in Insurance Systems Inc. (ISI).

  • ISI is a provider of enterprise software solutions to the property and casualty insurance industry.
  • The investment aims to support ISI’s growth, expand into new areas, and enhance product offerings.

Founded in 1997 and headquartered in Toronto, Canada, ISI is a leading provider of policy administration systems for property and casualty insurance carriers across the U.S., Canada, and globally.

The new funding from NexPhase will be used to continue ISI’s growth trajectory, improve product integrations, speed up implementation processes, and enhance analytics capabilities. This investment will also facilitate ISI’s expansion into adjacent markets and support ongoing product improvements.

Joel Killion, partner at NexPhase, expressed excitement about partnering with ISI and highlighted ISI’s track record of providing a leading platform and excellent service at scale.

Overall, the investment from NexPhase Capital will help ISI enhance its software solutions and further solidify its position in the property and casualty insurance industry.

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