illumifin
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illumifin - overview
Location
-, MN, US
Primary Industry
Insurance
About
Established in Minnesota, US, illumifin, formerly known as Concentrix Insurance Solutions is the third-party administration operations and software solutions of Concentrix Corporation. The company provides insurance policy support for various business sectors in the market. As of 2025, Peter Goldstein operates as a Chief Executive Officer (CEO) of the company. In January 2024, illumifin, a portfolio company of ABRY Partners and Hoplon Capital, acquired Administrative Partners of America.
illumifin mainly engages with end-to-end claims processing, fraud and credit management, underwriting and policy support, risk, compliance, and inquiries. The firm also specializes in selling business-specific products and services to its target market and clients, as well as effective strategies, marketing channels, and digital solutions. Concentrix Insurance Solutions develops GIAS, a web-based platform where it helps individual clients, groups, and worksite to monitor claims processing, contracts, and other products.
Current Investors
Abry Partners, Hoplon Capital
Primary Industry
Insurance
Sub Industries
Business Support Services, Claims Administration & Processing, Healthcare, Customer Relationship Management, Analytics & Performance Software
Website
www.illumifin.com
Verticals
Cloud Computing, HealthTech, InsureTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
illumifin - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Administrative Partners of America | - | ||||||||
| Add-on, Trade Sale | Completed | Long Term Care Group, Inc. | - | ||||||||
| Buyout | Completed | illumifin | - |
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