BOLT Solutions News
5 articles
growth-positive
BOLT® Solutions, Inc. Announces $2.1 Billion in Active Premiums Through the BOLT Platform™
BOLT Solutions, Inc. has reported crossing $2.1 billion in active premiums through the BOLT Platform in the first quarter of 2019. The companys CEO, Eric Gewirtzman, stated that this milestone is significant as it demonstrates the platforms ability to enable an ecosystem of product collaboration across multi-channel, multi-company solutions. The BOLT digital platform brings together sales center, direct-to-consumer, and agent distribution models on a single platform, offering greater competitiveness in the insurance industry. The number of active users has driven much of the companys momentum, with power users growing by 59 percent in the first quarter. BOLT Solutions will be showcasing its newest platform product, BOLT X, at the DigIn conference.
CustomersExpand
growth-positive
Actua to Sell Stake in BOLT Solutions
Actua Corporation has entered into agreements to sell its majority-owned businesses for a total of $549 million in cash. The buyer of VelocityEHS and BOLT Solutions is CVC Growth Fund. The sale is seen as a positive for the companys growth.
Acquisition
growth-positive
Actua Announces Successful Completion of Sale of VelocityEHS and Bolt Solutions - Actua
Actua Corporation has completed a transaction with CVC Growth Fund, where CVC Growth indirectly acquired Actuas interests in VelocityEHS and Bolt Solutions. Actua realized proceeds of approximately $328 million in cash from the transaction. The transaction is expected to have a positive impact on Actuas growth. VelocityEHS is a leading global provider of cloud-based environment, health, and safety software, while Bolt Solutions is a provider of digital distribution solutions to the P&C insurance industry. CVC Growth Fund focuses on equity investments in middle-market, high-growth companies in the software and technology-enabled business services sector.
Acquisition
growth-positive
Actua Acquires BOLT Solutions
Actua, a multi-vertical cloud company, is pioneering the vertical wave of the SaaS revolution. With approximately 700 employees, Actuas rapidly growing vertical cloud businesses are transforming their markets. In 2013, Actua made an add-on acquisition in the software sector. The companys previous deal in 2009 was the acquisition of GovDelivery, a cloud-based platform for government digital communication solutions. In 2014, Actua acquired FolioDynamix, a provider of technology solutions for advisory services, for $199 million.
Acquisition
growth-positive
PNV fund invests $2m in insurance software co SeaPass
Tel Aviv-based start-up SeaPass has received a $2 million investment from Platinum Neurone Ventures (PNV) in its second financing round. SeaPass develops software for the insurance industry, allowing insurance agents to connect with multiple insurance companies and gather information and quotes without altering their computer systems. The technology saves time by connecting to several sites simultaneously. SeaPass has already installed its technology at some of the largest insurance companies and agencies in the US. The company was founded in Tel Aviv in February 2000 and has its headquarters in New York. SeaPass currently has 60 employees.
Investment
