According to Tim Wallace, iPipeline’s CEO, TCV has a record of investing in companies in the software and technology sectors including: ExactTarget, Expedia, Facebook, FX Alliance, Green Dot, Groupon, MarketAxess, Netflix, OSIsoft and RiskMetrics.
“Our goal is to assume a similar leadership position for the international insurance industry," said Wallace. "Our ability to aggressively invest in customer support, product development, and the expansion of our sales and marketing resources will enable us to better support the needs and success of our customers. The acquisition of companies in the United States and abroad and organic growth remain key components of our growth strategy."
Currently, iPipeline's on-demand platform is accessed by a customer network of 120 carriers, 1,200 distributors and 400,000 financial professionals and advisors. Platform solutions include: CRM, Forms, Quotes & Illustrations, iGO e-App, Agent Management, e-Policy Delivery and Policy Holder Services.