zags (formerly Insurance Global Operations/IGO) offers a collaborative insurance administration platform—rebranded from IGO6—designed to reengineer insurance processes by embedding collaboration, business intelligence, and user experience. The platform is described as the industry’s only collaborative insurance administration solution and the first insurance core processing solution developed on a full Microsoft stack. zags plans to invest the new capital in continued research and development and to expand North American sales and marketing efforts. The company announced a move of its corporate headquarters from Paris to New York to better serve the North American market and has offices in Paris, Minneapolis, and Tunis. Operating progress cited in the announcement includes selection by two early-adopter U.S. insurer clients and 200% growth of the U.S. team. Management says the company is in a healthy financial position and intends to use the shareholder infusion to fund product and market expansion.

Total raised

$30M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2014