East Coast Reinsurance Software Solutions Company

River Edge, NJ
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Cash Flow:$110,000
Established Year:1984
Gross Revenue:$155,000
BUSINESS DESCRIPTION

East Coast Reinsurance Software Solutions Company

Since 1984, The Company has provided dependable and low-cost reinsurance systems. With over 60 installations worldwide, the staff has unmatched experience in conversions and installations – which boast a 100% success rate.

From one user to one thousand, the software can be configured to size and need. Customers' IT expenses are a fraction of competitors. In fact, this Company’s software is so easy to use and maintain that most smaller users have NO in-house IT staff. Even the largest multinational customers have only a handful of staff supporting this software.

There are now installations in Europe, Asia, Bermuda, the USA, and Canada, and offices in the US (New Jersey and Florida).

The Company’s very first customer is still using the original system as the company grew from a relatively small reinsurer to one of the largest in the US.

NDA required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.


DETAILED INFORMATION
Location
River Edge, NJ
Inventory
Not Included in asking price
Employees
1
Facilities
The Company operates remotely; a physical location is not essential.
Competition
Primary Competitors: Sapiens, Duck Creek. Competitive Edge: Personalized service and affordability.
Growth & Expansion
A new owner can update the User Interface to modernize the product and attract new clients. Update the website and invest in Google Ad Words and other marketing to drive traffic.
Support & Training
The seller is open to working with the buyer as long as needed and providing training for an agreed-upon duration.
Reason for Selling
The owner is planning for succession due to aging and ensuring proper care of th
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Sam
Madson
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Sam Madson