This acquisition follows several years of significant growth at Ensurem.
In 2020, Ensurem was named the fastest growing company in Tampa Bay, FL, by the Tampa Bay Business Journal.
Earlier this month, Ensurem announced that it was acquired by 777 Partners.
By the Numbers:
- Revenue grew from $8,000 to $4.75 million in 2018
- In 2019, that revenue went up to $19.68 million,
- A growth of 245,900.00%
- Ensurem has developed proprietary technology that simplifies the insurance-buying process including a new beta “cyber agent” technology, that uses AI to provide customer needs analyses, product selection, and plan enrollment services.
“Our vision is to provide Medicare shoppers with a more simplified shopping experience, allowing them to enroll their way whether that be online or by phone. 777 Partners’ acquisition provides us with the capital needed to carry forward this vision, while also giving us access to additional resources to aid in future product development and technology advancements.” – Dave Rich, CEO and founder of Ensurem
Founded in 2016 in Clearwater, Fl., Ensurem currently employs 200+ people with two contact centers staffed by fully licensed insurance agents. They specialize in simplifying the insurance market, especially for seniors who are 65+ with Medicare.
“We’re excited to add Ensurem to 777’s diversified portfolio of insurance technology companies. We’ve worked with Ensurem before and have followed their growth closely. Ensurem has quickly gained a reputation for being a change agent in the senior insurance market, and this acquisition underscores 777’s continued commitment to the creation of innovative insurance products.” Jorge Beruff, Principal at 777 Partners.
Ensurem, headquartered in Clearwater, FL, is a leading technology and product distribution company serving carriers and consumers within the massive U.S. senior market. The company provides end-to-end solutions for carriers, including product development, digital marketing, and consumer-centric front ends and back end.
About 777 Partners
777 Partners is a Miami-based investment firm focused on a broad spectrum of financial services businesses across insurance, lending, specialty finance, and financial technology. Operating in attractive markets and often times esoteric asset classes, 777 seeks to make control investments across the business life cycle in companies with scalable profiles and ambitious management teams. 777 Partners senior management team is composed of industry veterans with backgrounds in private equity, venture capital, investment banking, insurance, financial technology, actuarial science, asset management, structured-credit, ABS, risk, analytics, complex commercial litigation and computer science.