New York global equity firm General Atlantic said Wednesday it has made an investment in Hartford-based Insurity. No financial details were released.
Insurity, a provider of insurance processing software and data integration and analytics products, said General Atlantic now becomes an investor and shareholder along with Boston-based TA Associates and Genstar Capital, based in San Francisco.
Insurity has expanded its product offerings in recent years through acquisitions. In June 2016, the company acquired Tropics Software Technologies, an insurance software firm that focuses on the workers’ compensation market for carriers, state and self-insured funds as well as other specialty workers’ compensation organizations.
In May 2015, Insurity acquired Oceanwide, a cloud-based services provider that supports commercial and specialty insurance line carriers. Insurity was originally founded in 1984.
