Exton Insurance Tech Firm iPipeline Leaking Intent To Sell Big Or Go Public
Exton-based insurance technology maker iPipeline is quietly filling its funnel of prospective buyers or public investors and aiming to claim a payout of half a billion dollars, according to an unnamed source quoted on Bloomberg.com.
Company officials aren’t saying anything about the leak of information, though the possible sale or initial public offering of stock comes a year after the venture capital-backed operation saw a key competitor fetch $1.8 billion in a buyout deal.
iPipeline’s products center on marketing, sales and processing software as a service for the insurance and financial services industries, its website said.
iPipeline’s CEO Tim Wallace was also profiled in SmartCEO as their CEO of the Year. You can read more about iPipeline’s leader and how the Exton-based company is revolutionizing the insurance industry here.
Read more about the new development on Bloomberg.com here.
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Top Photo From SmartCEO
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