Majesco TL
Follow Us



Insurity Announces Investment from TA Associates

Staff Writer | November 07, 2014

Insurity announces that TA Associates, a private equity firm based in Boston with more than 45 years of experience investing in innovative software and technology businesses, has closed a significant investment in the business. Representatives of TA Associates are joining representatives of Genstar Capital, a private equity firm and current investor, on the Board of Directors. Financial terms of the transaction were not disclosed.

“Genstar Capital and TA Associates are aligned with us regarding our business growth direction in the property and casualty market through our portfolio of solutions,” says Jeffrey Glazer, CEO of Insurity. “The investment by TA provides us with further opportunities to expedite the Insurity strategy already being delivered, as well as extend our capabilities on behalf of our current and future customers.”

“With a track record of delivering successful outcomes for its customers, Insurity is precisely the type of profitable, growing business in which TA seeks to invest,” says Harry D. Taylor, a managing director at TA Associates, who will join Insurity’s Board of Directors. “The P&C market continues to expand investment in technology solutions that help enable insurers’ growth through timely delivery of differentiated products. We look forward to working closely with Insurity as they continue providing the solutions that this market needs.”

Kenneth T. Schiciano, a Managing Director at TA Associates, and Jeffrey A. Del Papa, a Principal at TA Associates, also will join Insurity’s Board of Directors.

Together with Genstar Capital, a leading private equity firm based in San Francisco, Insurity has made significant investments in its customers and its solutions. Insurity will leverage the investment by TA Associates to accelerate growth both organically and through acquisitions.

J. Ryan Clark, Managing Director of Genstar, who heads the firm’s financial services practice, adds, “This is a very successful investment for Genstar in large part because of our collaboration with a management team that has flawlessly executed on a number of objectives. We are excited by the opportunity to continue as an investor with Insurity along with TA Associates and are confident in management’s ability to further execute Insurity’s strategy.”


Featured articles


Majesco MR


The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.


The tide is up! It's time to register for ITA LIVE 2019, our annual educational and networking conference! Our theme is "The InsurTech Revolution: Cutting Through the Hype." and we'll be bringing in a torrent of industry thought leaders, amazing insight and wonderful perspectives on the world of insurtech and its impact on the insurance landscape.

ITA LIVE 2019 will present real-life examples of true startup technologies that are helping insurers gain real advantage -- and a competitive edge -- in the marketplace. We’ll highlight the more successful InsurTech partnerships, while offering case studies that demonstrate exciting innovation and cutting-edge techniques impacting all aspects of the insurance ecosystem.

Ride the wave to LIVE 2019. Sign up today! We look forward to seeing you in May, 2019!


only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News