{"id":510228,"date":"2021-07-07T08:04:45","date_gmt":"2021-07-07T12:04:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/abry-partners-and-hoplon-capital-announce-completion-of-concentrix-insurance-solutions-acquisition\/"},"modified":"2021-07-07T08:04:45","modified_gmt":"2021-07-07T12:04:45","slug":"abry-partners-and-hoplon-capital-announce-completion-of-concentrix-insurance-solutions-acquisition","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/abry-partners-and-hoplon-capital-announce-completion-of-concentrix-insurance-solutions-acquisition\/","title":{"rendered":"Abry Partners and Hoplon Capital Announce Completion of Concentrix Insurance Solutions Acquisition"},"content":{"rendered":"
\n

Business Re-branded as illumifin; Phil Ratcliff Named CEO<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n BOSTON<\/span>, July 7, 2021<\/span> \/PRNewswire\/ — Abry Partners, a leading Boston<\/span>-based private equity firm, and Hoplon Capital, an asset manager focused on digital disruption of end markets including insurance, announced the completion of their acquisition of Concentrix Corporation’s (NASDAQ: CNXC) insurance third-party administration and software platform.<\/p>\n

Concurrent with the transaction, the independent stand-alone insurance administration and software services company\u00a0has been re-branded as illumifin and will be led by newly-appointed Chief Executive Officer Phil Ratcliff<\/span>, a seasoned insurance industry executive with 30 years of broad based financial services capability, including senior roles in industry, consulting, technology and outsourcing.\u00a0 illumifin is poised to be an innovative partner to the insurance industry, delivering visionary technology enabled services and software solutions, to individual and group insurers. illumifin’s deep industry expertise, proven technology and best-in-class administration will combine to create unrivaled value.<\/p>\n

“We are very excited to reach today’s milestone and are thrilled to welcome the talented insurance and software professionals of CIS to illumifin,” said Mr. Ratcliff. “We see tremendous opportunities in the insurance market and believe that illumifin’s insight, capability and guidance will help to deliver a brighter future for our customers.”<\/p>\n

\n Brent Stone<\/span>, Partner at Abry Partners, said, “This investment falls directly within our strategy of partnering with high caliber management teams in the insurance services sector and we\u00a0are thrilled to announce the formation of illumifin, an independent company.”<\/p>\n

Commenting for Hoplon, Robert Arsov<\/span>, Partner, said, “This exciting new partnership with Abry and illumifin’s management team begins a new chapter for the company as an independent organization with the technology and leadership to help it achieve its full potential.\u00a0 We share in the vision for the business to utilize digital technologies to accelerate and improve the overall service offerings and benefits to the insurance industry.”<\/p>\n

\n About Abry Partners\u00a0
<\/b>Abry is one of the most experienced and successful sector-focused private equity investment firms in North America<\/span>. Since its founding in 1989, the firm has completed over $90 billion<\/span> of leveraged transactions and other private equity or preferred equity placements.\u00a0 Currently, the firm manages over $5 billion<\/span> of capital across its active funds. For more information on Abry, please visit www.abry.com<\/a>.<\/p>\n

\n About Hoplon Capital\u00a0
<\/b>Hoplon is a newly formed asset manager pursuing proprietary investments focused on the digital economy that are disruptive in their respective end markets including insurance, financial services, IT and consulting services, healthcare, digital infrastructure and media industries.<\/p>\n

\n About illumifin\u00a0
<\/b>illumifin\u00a0provides third party administration and technology services to individual and group insurers. The company, launched in 2021, blends insurance industry knowledge, technology leadership and operational execution to prepare insurers for the digital future. illumifin is a diverse, passionate and empowered team of insurance specialists committed to the growth and success of its customers. With illumifin, there’s a brighter future.\u00a0 Visit www.illumifin.com<\/a>.<\/p>\n

\n
\n Media Contact<\/u>
\n <\/b>
\n :\u00a0
<\/b>Chris Tofalli\u00a0
Chris Tofalli Public Relations, LLC\u00a0
914-834-4334\u00a0<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/abry-partners-and-hoplon-capital-announce-completion-of-concentrix-insurance-solutions-acquisition-301326392.html<\/a><\/p>\n

SOURCE Abry Partners<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Business Re-branded as illumifin; Phil Ratcliff Named CEO PR Newswire BOSTON, July 7, 2021 \/PRNewswire\/ — Abry Partners, a leading Boston-based private equity firm, and Hoplon Capital, an asset manager focused on digital disruption of end markets including insurance, announced the completion of their acquisition of Concentrix Corporation’s (NASDAQ: CNXC) insurance third-party administration and software platform. Concurrent with the transaction, the independent stand-alone insurance administration and software services company\u00a0has been re-branded as illumifin and will be led by newly-appointed Chief Executive Officer Phil Ratcliff, a seasoned insurance industry executive with 30 years of broad based financial services capability, including senior roles in industry, consulting, technology and outsourcing.\u00a0 illumifin is poised to be an innovative partner to the insurance industry, delivering … <\/p>\n

Continue reading “Abry Partners and Hoplon Capital Announce Completion of Concentrix Insurance Solutions Acquisition”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-510228","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAbry Partners and Hoplon Capital Announce Completion of Concentrix Insurance Solutions Acquisition - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/abry-partners-and-hoplon-capital-announce-completion-of-concentrix-insurance-solutions-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abry Partners and Hoplon Capital Announce Completion of Concentrix Insurance Solutions Acquisition - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Business Re-branded as illumifin; Phil Ratcliff Named CEO PR Newswire BOSTON, July 7, 2021 \/PRNewswire\/ — Abry Partners, a leading Boston-based private equity firm, and Hoplon Capital, an asset manager focused on digital disruption of end markets including insurance, announced the completion of their acquisition of Concentrix Corporation’s (NASDAQ: CNXC) insurance third-party administration and software platform. Concurrent with the transaction, the independent stand-alone insurance administration and software services company\u00a0has been re-branded as illumifin and will be led by newly-appointed Chief Executive Officer Phil Ratcliff, a seasoned insurance industry executive with 30 years of broad based financial services capability, including senior roles in industry, consulting, technology and outsourcing.\u00a0 illumifin is poised to be an innovative partner to the insurance industry, delivering … Continue reading "Abry Partners and Hoplon Capital Announce Completion of Concentrix Insurance Solutions Acquisition"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/abry-partners-and-hoplon-capital-announce-completion-of-concentrix-insurance-solutions-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-07T12:04:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY33647&sd=2021-07-07\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/abry-partners-and-hoplon-capital-announce-completion-of-concentrix-insurance-solutions-acquisition\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/abry-partners-and-hoplon-capital-announce-completion-of-concentrix-insurance-solutions-acquisition\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Abry Partners and Hoplon Capital Announce Completion of Concentrix Insurance Solutions Acquisition\",\"datePublished\":\"2021-07-07T12:04:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/abry-partners-and-hoplon-capital-announce-completion-of-concentrix-insurance-solutions-acquisition\\\/\"},\"wordCount\":506,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/abry-partners-and-hoplon-capital-announce-completion-of-concentrix-insurance-solutions-acquisition\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=NY33647&sd=2021-07-07\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/abry-partners-and-hoplon-capital-announce-completion-of-concentrix-insurance-solutions-acquisition\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/abry-partners-and-hoplon-capital-announce-completion-of-concentrix-insurance-solutions-acquisition\\\/\",\"name\":\"Abry Partners and Hoplon Capital Announce Completion of Concentrix Insurance Solutions Acquisition - 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