Predict your next investment

MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Health & Wellness
limelighthealth.com

See what CB Insights has to offer

Founded Year

2014

Stage

Acquired | Acquired

Total Raised

$43.8M

Valuation

$0000 

About Limelight Health

Limelight Health, a provider of mobile enterprise technology for health insurance agencies, aims to streamline and simplify complex, employee health benefits processes.On August 10, 2020, Limelight Health was acquired by FINEOS, for $75 million.

Limelight Health Headquarter Location

26 O'Farrell Street Suite 410

San Francisco, California, 94108,

United States

+1 877 897 5005

Latest Limelight Health News

Irish company Fineos bags €44m funding via institutional placing

Sep 3, 2021

Image: © joyfotoliakid/Stock.adobe.com The Dublin-based software company raised €44m to continue its growth after acquiring two US companies in the previous fiscal year. The Irish fintech company Fineos has raised €44m by means of an institutional placing in Sydney. The company said proceeds will be used to provide working capital in supporting its research and development plans, alongside its growth opportunities. Fineos was founded in 1993 by Michael Kelly and develops software systems for life, accident and health insurance carriers. It serves businesses in Europe, North America, Australia and Asia Pacific. The company reported a total revenue of €108.3m in the fiscal year ending 30 June 2021, showing a 23.3pc increase from the previous year. Its workforce also grew in this period, with employee numbers increasing from 875 to 1,065. Acquisitions have been central to this expansion. Fineos purchased Limelight Health in August of 2020 for €63m. Limelight Health creates products for streamlining and automating sales and underwriting functions for group benefits insurers. This was then made available as part of the Fineos AdminSuite. This was followed this year by the acquisition of Spraoi, a provider of machine learning capabilities for the group life and employee benefits industry. Kelly and Anne O’Driscoll, the chair of Fineos, said in the company’s annual report that this second US acquisition was “smaller but also very strategic, and was funded from existing cash reserves”. Fineos sources 73pc of its revenue from the US, making it an important market. Its earnings before interest, taxes, depreciation and amortisation for the fiscal year was down to €5.2m from €13.3m. It attributed this to once-off acquisition costs and losses from foreign exchange movements. The company has also tweaked its operations for the pandemic, hosting the Fineos Virtual Exchange in May. The company said the event “explained the strategic benefits of cloud software-as-a-service and helped our clients, both current and prospective, understand the potential it offers to realise measurable business benefits of technology innovation that we are bringing via the Fineos platform offering”.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Limelight Health

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Limelight Health in 4 CB Insights research briefs, most recently on Aug 12, 2020.

Expert Collections containing Limelight Health

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Limelight Health is included in 5 Expert Collections, including HR Tech.

H

HR Tech

3,964 items

HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.

I

InsurTech

1,644 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

7,165 items

US-based companies

H

Health Plans & Benefits Management

698 items

Companies developing or offering digital platforms and services, including online insurance marketplaces, data analytics for claims adjustment, benefits administration, and payments systems, that help make private health insurance more affordable, navigable, or transparent.

D

Digital Health

11,293 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

Limelight Health Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Limelight Health Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.