The Innovation Group Strengths, Domain Expertise, and Key Differentiators
Innovation Group, part of the Carlyle Group, is a provider of expert services to the insurance, fleet, automotive and property sectors worldwide. Innovation Group works with 15 of the top 20 global insurance markets, 75% of the top 20 global P&C insurance companies and 3 of the world's top 5 fleet and lease management companies.
The Innovation Group Recent Developments
In August 2018, Innovation Group hired Deloitte LLP as an adviser to help it negotiate with its creditors, according to people familiar with the situation. The software-solutions provider has initiated talks with its lenders to rework its capital structure and find new funding, according to the people, who asked not to identified because the discussions are private.
The Innovation Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying The Innovation 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 The Innovation 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 Insurer Cloud, customers.
The Innovation Group Overview
Ownership: - x
Number of Employees: 3300
Functional Markets: ERP Services and Operations Management,
The Innovation Group Key Enterprise and Cloud Applications
The Innovation Group Revenues, $M:
|Type/Year||2018||2019||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
The Innovation Group Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
The Innovation Group Enterprise Applications Revenues By Functional Markets, $M:
The Innovation Group Enterprise Applications Revenues By Verticals, $M:
The Innovation Group Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
The Innovation Group Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
The Innovation Group Customers - Breakdown by Geo, Size, Vertical and Product
No. of The Innovation Group Customers: 1200
No. of The Innovation Group Enterprise Applications Customers: 1200
No. of The Innovation Group Cloud Customers: x
No. of The Innovation Group Cloud Subscribers: x
Innovation Group serves over 1,200 clients. Recent customers win include: Tier One, UPC Insurance, Calliden Group, Volvo, BT Group, American Farmers & Ranchers, Lloyds Banking Group, Toyota, Ford, Eduloan, Georgia Municipal Association, 3M, AAA Mid-Atlantic, AAA NCNU, Ace Secure Comp, ACSC (Automobile Club of Southern CA), Affirmative, Amcomp, AMIG (American Modern Insurance Group), AutoZone, Avis Budget, Aviva Canada, Inc., California Casualty, Canal, Chubb Insurance, CIRMA, CISGI-ASP/Cambridge, Commerce Insurance Co., ESIS, Esurance, Fireman's Fund, Gallagher Bassett Services, General Casualty, Georgia Municipal Association (GMA), Hanover Citizens, Hertz, Honda, Kemper, LeasePlan USA, Liberty RAM, Main Street America, McDonalds, Mountain West Farm Bureau, Nationwide Indemnity, Pronto Insurance, RSA (Royal and Sun Alliance Insurance Co.of Canada), RTW, Sentry, SUNZ, Waste Management, and many others.
The Innovation Group Market Opportunities, M&A and Geo Expansions
In 2020, Innovation Group launched its rebranding which included a new visual identity for the Group, employee values, and a new corporate website. Gateway will revolutionize the claims experience for users and deliver benefits to clients by connecting their core systems and data environments with the supply chain.
In March 2018, The Innovation Group acquired TCS Claims (TCS) from Endsleigh Insurance Services Ltd, and starting a strategic relationship with Endsleigh for the provision of claims handling services.
In September 2014, Innovation Group acquired Driven Solutions and its associated companies. The Acquisition further strengthens Innovation Group's Accident Management and Repair Capabilities for the Insurance and Fleet Industries.
The Innovation Group Risks and Challenges
The November 2015 purchase of The Innovation Group by Axios Bidco Limited (a company in the Carlyle Group) is expected to usher changes to the vendor as it aims to fend off threats from a wave of fintech and Cloud startups.
The Innovation Group Ecosystem, Partners, Resellers and SI
Mostly direct sales worldwide. Additionally, it has partnerships with: Oracle, Microsoft, IBM, Audatex, Symbility, EMC Document Sciences, Digisec, Second Chair, Cognizant, OARBIC.
The Innovation Group Cloud Infrastructure Insights
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- The Innovation Group Public Cloud and Infrastructure (IaaS)
- The Innovation Group Platform (PaaS)
- The Innovation Group Application Delivery
- The Innovation Group Private Cloud and Data Centers
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).
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