The financial terms of the transaction were not disclosed. In conjunction with the funding, Harry D. Taylor, Kenneth T. Schiciano, Managing Directors at TA Associates, and Jeffrey A. Del Papa, a Principal, joined Insurity’s Board of Directors.
The company intends to use the funds to accelerate growth both organically and through acquisitions.
Led by Jeffrey Glazer, CEO, Insurity provides core processing applications and data integration and analysis solutions to property & casualty insurers. The company’s platforms are in production with over 100 insurers, processing billions of dollars of premium each month.