CalcFocus Secures Investment to Enhance Insurance Technology Solutions
Investment Bolsters CalcFocus’s Growth in Insurance Technology
CalcFocus, based in Philadelphia and Charlotte, has secured a significant growth investment from Pamlico Capital, a private equity firm specializing in high-growth technology sectors. This capital infusion aims to enhance CalcFocus's capacity for innovation in the insurance industry, with a focus on efficiency and sustainable growth.
Leadership Strengthened for Operational Excellence
To advance its operational capabilities, CalcFocus has appointed industry expert Sandia Ren as CEO. Ren, with over 25 years of experience in insurance technology, previously held key roles at companies like Guidewire and Vitech, where she was the Chief Delivery Officer.
CalcFocus serves nearly 20 major individual and group insurance carriers, providing cloud-native solutions to update legacy infrastructures and optimize operational efficiency. The company maintains a flawless record in implementing and migrating core systems, offering insurers trusted modern solutions backed by expert knowledge.
Strategic Involvement of Founders
Co-founders Tommy and Lindsey McCahill remain closely involved in daily operations, with Tommy transitioning to Chief Product Officer. He continues to engage directly with clients to develop leading market solutions and ensure regulatory compliance requirements are met.
Tommy McCahill stated, "Our journey since founding CalcFocus in 2014 has been marked by considerable growth aimed at digitally transforming the life insurance sector. Partnering with Pamlico and Sandia, who are aligned with our vision, will expedite our delivery of innovative solutions to our clients."
Strategic Growth and Innovation
CEO Sandia Ren acknowledged the strong foundation laid by CalcFocus leadership, highlighting the team's success in establishing CalcFocus as a trusted ally in the insurance sector. "Their dedication to the market and a satisfied customer base is impressive. I look forward to collaborating with them and Pamlico to sustain growth and foster innovation," Ren stated.
Walker Simmons, Partner at Pamlico Capital, expressed enthusiasm in collaborating with CalcFocus, noting the firm is strategically positioned to capitalize on ongoing transformations in the insurance software industry driven by technology modernization.
Legal advising for Pamlico was provided by Alston & Bird LLP, while Morgan Partners served as the exclusive financial advisor to CalcFocus, with legal advice from Fox Rothschild LLP.
About CalcFocus
Founded in 2014, CalcFocus specializes in cloud-native policy administration solutions, offering products such as Achieve and Forecast. These solutions improve configurability and quality for life, health, and annuity insurers, ensuring compliance and efficiency.
About Pamlico Capital
Established in 1988, Pamlico Capital invests in expanding middle-market companies across North America. The firm offers growth equity up to $200 million, focusing on industries such as communications, healthcare, and software, managing assets worth over $5 billion.
For further information, contact Lucy Graham at lucy.graham@calcfocus.com.