NexJ Systems announced it has garnered $22.5 million in private financing through its underwriters. The company said it has a compound annual growth rate of more than 500% over the past three years, and will use the money to further its growth.

A few of the company’s underwriters include GMP Securities L.P., Canaccord Adams Inc., Wellington West and Wells Fargo Advisors, which supplies more than 20,000 users. NexJ said it recently signed with another Wall Street financial firm—whose name NexJ did not release—that will supply an additional 40,000 users.

"…These funds will enable us to continue our rapid growth in financial services and insurance, and accelerate our investment in people-centered eHealth solutions," said William Tatham, chairman and CEO, NexJ Systems.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access