Connecture provides Web-based sales, service, and process automation solutions to the health insurance industry. The Company offers InsureConnect suite, which provides an enterprise solution that includes quoting, rating, underwriting, policy administration, renewal, and enrollment and installation, as well as product extensions, such as customer relationship management and prescription profiling; and InsureConnect EZ, a sales automation solution that provides implementation and rollout methodology, and hosting services for health insurers. It also provides on-site software installation and integration, and managed hosting solutions, as well as customer support services for health insurance companies.
TypePublic
HQBrookfield, US
Founded1997
Size (employees)411 (est)
Websiteconnecture.com
Connecture was founded in 1997 and is headquartered in Brookfield, US
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Key People/Management at Connecture

Doug Schneider

Doug Schneider

President
Michael Cho

Michael Cho

Chief Innovation Officer
Aaron Downend

Aaron Downend

Senior Information Security Officer
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Connecture Office Locations

Connecture has offices in Chicago, Columbia, Durham, Farmington and in 4 other locations
Brookfield, US (HQ)
18500 West Corporate Drive, Suite 250
Atlanta, US
55 Ivan Allen Jr. Blvd. Suite 400
Columbia, US
5550 Sterrett Place Suite 309
Durham, US
68 T. W. Alexander Drive
Farmington, US
314 Farmington Ave, Suite 120
Los Angeles, US
600 Wilshire Boulevard Suite 1100
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Connecture Financials and Metrics

Connecture Revenue

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Connecture's revenue was reported to be $81.89 m in FY, 2016 which is a 14.6% decrease from the previous period.
USD

Revenue (Q2, 2017)

18.3 m

Gross profit (Q2, 2017)

5.8 m

Gross profit margin (Q2, 2017), %

31.6%

Net income (Q2, 2017)

(5 m)

EBIT (Q2, 2017)

(4 m)

Market capitalization (1-Nov-2017)

3.7 m

Cash (30-Jun-2017)

9.3 m

EV

24.8 m
Connecture's current market capitalization is $3.7 m.
Annual
USDFY, 2015FY, 2016

Revenue

95.8 m81.9 m

Revenue growth, %

(15%)

Cost of goods sold

50.7 m56.9 m

Gross profit

45.2 m25 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

23.4 m22.7 m17.6 m18.7 m24.7 m18.3 m18.3 m

Cost of goods sold

14 m12.6 m12.4 m13.7 m15.9 m11.5 m12.5 m

Gross profit

9.4 m10.1 m5.2 m5.1 m8.8 m6.8 m5.8 m

Gross profit Margin, %

40%44%30%27%36%37%32%
Annual
USDFY, 2015FY, 2016

Cash

5.4 m6.2 m

Accounts Receivable

8.4 m

Inventories

652 k1.2 m

Current Assets

16.9 m15.8 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

10 m7.4 m207 k19 m16.7 m12.9 m9.3 m

Accounts Receivable

8.5 m10.1 m

Current Assets

20.9 m22.7 m6.8 m29.7 m28.8 m22.4 m20.5 m

Goodwill

26.8 m26.8 m26.8 m29.4 m30.8 m31.1 m31.1 m
Annual
USDFY, 2015FY, 2016

Net Income

(7.3 m)(26.5 m)

Depreciation and Amortization

5 m4.6 m

Accounts Payable

1.9 m263 k

Cash From Operating Activities

(22.8 m)(24.5 m)
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(4.3 m)(2.3 m)(7.3 m)(9.9 m)(3.1 m)(3.7 m)

Accounts Payable

5.8 m7.4 m8.5 m7.9 m8.8 m6.1 m
USDY, 2017

EV/EBIT

-6.2 x
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Connecture Online and Social Media Presence

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Connecture News and Updates

Health Insurance Is No Longer a One-Time Transaction

The time when insurers could enroll a member and be done with engagement is as old as ATMs. That was a key takeaway from a session at last month’s AHIP Institute titled “Consumerism and Disruption.”

RFID security for hospitals: What are the use cases?

The first in a four-part series on successfully implementing Radio Frequency Identification explains three ways the tech can improve patient experience and engagement.

Francisco Partners to buy Connecture

Francisco Partners has agreed to acquire Brookfield, Wisconsin-based Connecture Inc, which provides information systems used to create health insurance marketplaces. According to terms of the deal, Francisco Partners will pay $0.35 per share for each share of Connecture common stock not held either …
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Connecture Company Life and Culture

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