Modgic
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Modgic - overview
Established
2011
Location
Bend, OR, US
Primary Industry
Software
About
Based in Oregon, US, and founded in 2011, Modgic operates as an InsureTech (insurance technology) company that offers work compensation software to its customers. In May 2021, Zywave, a portfolio company of Clearlake Capital Group and Aurora Capital Partners, acquired Modgic. As of 2022, the company’s CEO is Scott Knowles. Modgic provides insurance agents and brokers with internal claims management solutions through its worker's compensation and modification software, a platform for claims management support.
The company’s rating analysis software platform offers multiple features and solutions, such as underwriter analysis, a mod calculator, reports and analysis, documentation assistance, and more.
Current Investors
Zywave Inc.
Primary Industry
Software
Sub Industries
Claims Administration & Processing, Accounting/Finance Software, Analytics & Performance Software
Website
www.modgic.com
Verticals
Cloud Computing, InsureTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Modgic - 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 | Modgic | - |
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