CalcFocus secures growth investment from Pamlico Capital
CalcFocus , a provider of cloud-native policy administration and illustration solutions to the individual and group life, health, and annuity insurance markets, has secured a “significant” growth investment from Pamlico Capital. The investment is aimed at supporting CalcFocus’s next phase of growth as carriers continue to modernize legacy core systems. CalcFocus provides policy administration and illustration software to nearly 20 individual and group life, health, and annuity carriers and service providers.
Alongside the investment, CalcFocus named Sandia Ren as CEO. Ren brings more than 25 years of industry experience, including nearly two decades at Guidewire and most recently serving as Chief Delivery Officer at Vitech. Co-founders Tommy and Lindsey McCahill will continue to lead day-to-day operations and retain a meaningful ownership stake. Tommy McCahill will transition into the Chief Product Officer role, remaining closely involved with customers and product development.
“Since founding CalcFocus in 2014, we have seen tremendous growth as we pursue our vision of driving digital transformation in the life insurance industry. I could not be more excited to work alongside Pamlico and Sandia. They believe in our vision, and their relevant experience and resources will accelerate the pace at which we can deliver innovative solutions for our customers.” – CalcFocus co-founder Tommy McCahill.
“The CalcFocus leadership team has done an exceptional job establishing CalcFocus as a trusted partner to many leading insurance carriers. They have an enduring passion for this market and a strong base of happy customers. I’m excited to work with them along with the Pamlico team to build on their success to date and drive continued growth and innovation.” – CalcFocus CEO Sandia Ren.
“We are thrilled to partner with Sandia, Tommy, and the CalcFocus team and look forward to working with them as they continue to build a market-leading platform.” – Pamlico Partner Walker Simmons.
“The insurance software industry is undergoing meaningful transformation as carriers modernize mission-critical systems, and we believe CalcFocus is exceptionally well positioned to benefit from these long-term industry tailwinds.” – Pamlico Principal David Allen.
