MassMutual, Axa, Wanxiang, Principal Life, Aflac, Wells Fargo and Transamerica are all set to exit the insurance automation platform developer.
Insurance technology provider Fineos agreed on Tuesday to acquire US-based employee benefits software producer Limelight Health in a $75m deal that will allow several corporate investors to exit.
Limelight’s cloud-based platform automates quoting, rating and underwriting for insurers offering employee benefits in order to streamline operations and improve accuracy. Its software will remain available as an individual product but its features will also be integrated into Fineos’ AdminSuite offering.
The deal follows more than $43m in funding for Limelight, which…
