Clal Insurance Company Ltd.

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Clal Insurance Company Ltd. - overview

Established

1962

Location

Tel Aviv, -, Israel

Primary Industry

Insurance

About

Clal Insurance Company Ltd. , headquartered in Tel Aviv, Israel, provides comprehensive insurance solutions and advanced telecommunications technology, catering to both corporate and individual clients. Founded in 1962, Clal Insurance Company Ltd. operates primarily in the insurance sector, offering various insurance products.


The company has maintained a consistent business strategy focused on integrating insurance solutions with technological advancements. It does not operate under a parent company nor has any known subsidiaries. Barak Benski and Yoram Naveh serve as the company's CEOs. Clalbit specializes in delivering advanced technology solutions focused on the integration of software and hardware in the fields of telecommunications and information technology.


Their core product offerings include a suite of software applications designed to enhance operational efficiencies and streamline communication for businesses. These products cater to a diverse clientele, including large enterprises and smaller firms, providing them with tools to improve data management and facilitate seamless connectivity. Clalbit’s services are utilized in various industries, such as finance, healthcare, and logistics, addressing specific use cases like real-time data analytics, secure communications, and infrastructure management. The company has a presence in key international markets, notably in Europe and North America, where they continue to expand their customer base and enhance their product offerings.


Clalbit generates revenue through a combination of direct sales and strategic partnerships within the B2B sector. The company primarily operates on a subscription model, offering clients access to its suite of software solutions and ongoing support services. These subscription plans are structured to accommodate the varying needs of businesses, allowing them to select packages that best fit their operational requirements. Revenue is further bolstered through collaborations with telecom providers and hardware manufacturers, enhancing the value of their software applications.


Specific pricing details for their offerings are tailored to the client's needs and may vary based on the level of service and customization required.


Primary Industry

Insurance

Sub Industries

Mortgage Banking, Commercial Insurance, Claims Administration & Processing, Life Insurance, Insurance Intermediaries

Website

www.clalbit.co.il

Verticals

Mobile Apps

Total Amount Raised

Subscriber access only

Clal Insurance Company Ltd. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedMax.Co.IL-

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