Vitech Systems Group Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Vitech Systems Group Strengths, Domain Expertise, and Key Differentiators

Vitech Systems Group provides specialized administration software designed for insurance, retirement, and investment firms. Their end-to-end implementation and integration services ensure smooth adoption and continuous support, making V3 software a transformative solution for organizations throughout every phase of implementation.

Vitech Systems Group Recent Developments

In 2024, Vitech Systems Group introduced significant enhancements to its V3locity platform, focusing on AI-driven analytics, automation, and digital servicing to support insurance and pension administration. Key updates included the expansion of the InsightNow solution for operational insights into billing, enabling specialists to identify payment delays and trends using natural language queries. Additionally, the Business Events framework was upgraded to support automated actions like document generation and email sending through a low/no-code interface. The platform also integrated digital wallet capabilities, allowing members to access ID cards via Apple Wallet and Google Wallet, and introduced a structured enrollment file to streamline client onboarding and support industry-standard formats.

Vitech Systems Group Mergers and Acquisitions (M&A) Activities

In June 2019, Vitech Systems Group entered into a definitive agreement with funds advised by CVC Capital Partners, through which CVC Fund VII and CVC Growth Partners acquired a majority stake in Vitech Systems Group.

Vitech Systems Group Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Vitech Systems Group applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Vitech Systems Group and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified V3locity customers.

Vitech Systems Group Key Enterprise and Cloud Applications

V3locity

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Vitech Systems Group Direct vs Indirect sales

Vitech Systems Group Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Vitech Systems Group Customers

No. of Vitech Systems Group Customers: 100

No. of Vitech Systems Group Enterprise Applications Customers: 100

No. of Vitech Systems Group Cloud Customers: x

No. of Vitech Systems Group Cloud Subscribers: x

Vitech Systems Group serves over 100 clients across North America, Europe, Asia, and the Middle East.

Vitech’s clients include prominent organizations such as the Pennsylvania Public School Employees Retirement System (PSERS), Employees Retirement Fund of the City of Dallas (Dallas ERF), Manulife, New York City Police Pension Fund (NYCPPF), San Mateo County Employees Retirement System (SamCERA), The World Bank Group, and many others.

Vitech Systems Group Market Opportunities, M&A and Geo Expansions

Vitech Systems Group has been actively pursuing innovation and expansion opportunities to enhance its position in the insurance and retirement technology sectors. Vitech's V3locity platform has seen enhancements, including AI-powered analytics and digital self-service capabilities, aimed at improving operational efficiency and member engagement. Additionally, the company's expansion of its global workforce, notably in its Hyderabad, India office, reflects its strategic growth and dedication to supporting a diverse client base.

Vitech Systems Group Risks and Challenges

Despite its strengths, Vitech faces internal and external challenges. Internally, the ongoing migration to the Cloud, while essential, is a complex transition requiring careful customer communication and operational resilience. Missteps could risk client dissatisfaction or increased churn.

Vitech Systems Group Ecosystem, Partners, Resellers and SI

Vitech Systems is headquartered in New York City and employs over 1,600 professionals worldwide, with offices in cities including Toronto, Chicago, Los Angeles, San Francisco, Oklahoma City, Washington D.C., Atlanta, Dublin, Paris, London, and Zurich.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: