Zywave
Encyclopedia
Zywave, Inc. is a software company headquartered in Milwaukee, Wisconsin
that provides software as a service
(SaaS) products for insurance brokers and financial planners. Insurance product categories include agency management, claims data analysis, benefit plan analysis, compliance, risk management, client communication, agency marketing and pharmacy benefit management. The applications aim to help insurance brokers and financial planners differentiate from the competition, enhance client services, improve efficiencies and achieve organic growth. Its customer base contains more than 350,000 insurance brokerages and financial institutions in North America.
, a San Francisco private equity firm. In 2010, Zywave announced the acquisition of Specific Software Solutions, a leading provider of workers’ compensation software. In 2011, Zywave acquired financial planning software provider Emerging Information Systems, Inc.
Milwaukee, Wisconsin
Milwaukee is the largest city in the U.S. state of Wisconsin, the 28th most populous city in the United States and 39th most populous region in the United States. It is the county seat of Milwaukee County and is located on the southwestern shore of Lake Michigan. According to 2010 census data, the...
that provides software as a service
Software as a Service
Software as a service , sometimes referred to as "on-demand software," is a software delivery model in which software and its associated data are hosted centrally and are typically accessed by users using a thin client, normally using a web browser over the Internet.SaaS has become a common...
(SaaS) products for insurance brokers and financial planners. Insurance product categories include agency management, claims data analysis, benefit plan analysis, compliance, risk management, client communication, agency marketing and pharmacy benefit management. The applications aim to help insurance brokers and financial planners differentiate from the competition, enhance client services, improve efficiencies and achieve organic growth. Its customer base contains more than 350,000 insurance brokerages and financial institutions in North America.
History
Zywave, name inspired by the axes and shape of a data graph, was founded in 1995 by individuals at the Frank F. Haack & Associates, Inc. brokerage in Milwaukee, Wisconsin who developed the products as customer service tools. They shared the software with other brokers in networks including Assurex Global and Intersure; the company completely separated from Frank F. Haack in 2004. In 2008, Zywave entered into a strategic investment partnership with Vista Equity PartnersVista Equity Partners
Vista Equity Partners is a private equity firm focused on investing in software and technology-enabled businesses. The firm was founded in 2000 and is headquartered in San Francisco, California with additional offices in Chicago, Illinois and Austin, Texas. Vista Equity Partners currently holds...
, a San Francisco private equity firm. In 2010, Zywave announced the acquisition of Specific Software Solutions, a leading provider of workers’ compensation software. In 2011, Zywave acquired financial planning software provider Emerging Information Systems, Inc.