NexPhase Capital backs P&C software company ISI

Private equity firm NexPhase Capital has made an investment in Insurance Systems Inc. (ISI) , a provider of enterprise software solutions to the property and casualty insurance industry that was founded in 1997.

Terms of the investment were not disclosed.

Headquartered in Toronto, Canada, ISI is a policy administration system provider for property and casualty insurance carriers in the US, Canada and globally. The Company’s flagship product, ISI Enterprise, allows insurance carriers to manage the full policy lifecycle, including policy administration, claims, billing, accounting and reinsurance.

“We are proud to partner with ISI, whose mission-critical software solutions and premier service have made the Company a partner-of-choice for customers in the property and casualty insurance industry. With a flexible, highly configurable platform and strong existing industry relationships, ISI is well-positioned for continued growth. We look forward to working alongside Casey and the rest of the highly experienced management team in an effort to continue ISI’s track record of providing a leading platform and excellent service at scale.” – Joel Killion, Partner at NexPhase.

“At ISI, our mission is to provide configurable solutions to meet the ever-evolving needs of our valued customers. We are pleased to have found the right partner in NexPhase to help us realize ISI’s long-term vision and potential. NexPhase has extensive experience growing and supporting businesses in the insurance software industry. The ISI management team and I are excited to work closely with the NexPhase team to continue expanding our offerings, investing in our sales and implementation organizations, and enhancing our scalability.” – Casey Kretz, CEO of ISI.