Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

“Everything is fine when you buy—it’s not until you have a claim that you reconsider your relationship with who provides you insurance,” agreed Theo Beack, chief technology officer at Vertafore. “It’s a natural cycle where people initially say, ‘I go for price and I go for convenience.’ But when you become more informed as a buyer, you’re going to go to someone who can advise you in an intelligent way.”

It’s apparently true even for millennials—just because they feel empowered to do their own research doesn’t mean they’re too arrogant to recognize when it’s time to ask for help. Vertafore found that almost half of young adults ages 18-25 indicated a preference to purchase all forms of insurance through a human.

“By the nature of the technology that’s available now, consumers are more informed,” Schaknowski said. “You’re coming in and saying, ‘I read this online—is this the right policy?’ With that, then, the value an independent agent creates is instead of taking you from soup to nuts, they’re taking you from 60% to 100%.”

And don’t discount the other half of millennials who may currently dismiss the value of a human interaction as part of their insurance experience. “As you get older, your life gets more complicated,” said Tim Owen, vice president of product management at Vertafore. “Insurance is about risk communication. The more different types of risk you have, the more you need insurance.”  

Weg zu einem Unicorn ist:

https://www.youtube.com/watch?v=HDEhvLbLrdk  

https://letstalkpayments.com/insurtech-industry-has-grown-by-25/
 

ein Anstieg über 15 Dollar schwierig, da Unsicherheit über die Multiples für die doch ziemlich genau bezifferbaren Umsätze besteht.  

as the result of a market-cap of 16.97 billion and the following revenues for 2017:

Billings for fiscal 2017 are expected to be between $1.855 and $1.875 billion.

https://www.workday.com/de-de/company/newsroom/...ils.html?id=2039190  

Salesforce Pays $2.8 Billion For Demandware, Joins Commerce Arena
By Jill Finger Gibson | 06/01/2016
Big news in the customer experience management (CEM) world today with the announcement that Salesforce is acquiring Demandware for $2.8 billion. That’s a whopping multiple on Demandware’s revenues of $237 million reported for FY 2015 (of which 84% was from subscriptions) and considering the company is not profitable.

http://www.digitalclaritygroup.com/...mandware-acquisition-e-commerce  

as the result of a market-cap of 14.22 billion and the following revenues for 2017:

For 2017, ServiceNow projected revenue between $1.82 billion to $1.85 billion.

http://www.zdnet.com/article/...ng-2017-growth-as-expansion-pays-off/
 

as the result of a market-cap of 2.2 billion and the following revenues for 2017:

For the full year, the company sees revenue of $500 million to $504 million, and a net loss of 45 cents to 49 cents, compared to consensus for $501 million and 41 cents net loss.

http://blogs.barrons.com/techtraderdaily/2017/03/...oo&yptr=yahoo
 

Marketo, the marketing software giant that went public in 2013, is being taken private again: PE firm Vista Equity Partners has acquired the company for $1.79 billion in an all-cash deal.

https://techcrunch.com/2016/05/31/...s-buys-marketo-for-1-8b-in-cash/


For the full year 2016, Marketo expects to report:
• Revenue in the range of $269 to $275 million
• GAAP net loss per share in the range of $(1.56) to $(1.60)
• Non-GAAP net loss per share in the range of $(0.46) to $(0.50)

http://investors.marketo.com/releasedetail.cfm?releaseid=966942  

as the result of a market-cap of 2.21 billion and the following revenues for 2017:

Full Year 2017: Total revenue is expected to be in the range of $349.0 million to $353.0 million.

http://ir.hubspot.com/investors/news-and-events/...sults/default.aspx
 

Umsätze von 128 Millonen (Guidane = 125 - 130 Millionen) bei476 Millionen Dollar Marktkapitalisierung von Hypoport ein Multipel von 3,72. Das ist geringfügig weniger, als beim Verkauf von Govdelivery erlöst wurde.

Ich bin jedoch der Aufassung, dass den verbliebenen drei Unternehmen höhere Multiples zustehen. Wenn sich das weiter konkretisiert, wird der Kurs auch wieder steigen.Solange Actua aber Aktien zrückkauft, haben sie selbst kein Interesse an steigenden Kursen und steuern daher den Nachrichtenfluss entsprechend.  

Insurtech has a complementary place in the traditional insurance world, despite remaining uncertainty in the industry about how it will function on a wide scale, Standard & Poor’s said in a new report.

“We do not expect traditional insurance business to be fully replaced by insurtech companies, as the insurance sector is highly regulated and capital-intensive, with barriers to entry,” S&P noted. “Instead, we are seeing larger established insurers actively invest in setting up insurtech joint ventures through which they can take advantage of their proprietary data, rather than outsourcing to pure technology-based entrants.”

http://www.insurancejournal.com/news/...ational/2016/11/29/433233.htm
 

“The technologies that insurtech companies are employing offer traditional insurance companies an opportunity to revamp their products, services and distribution – and reduce costs too,” the report noted.

Standard & Poor’s forwards the idea that the market has worked well with insurers “increasingly starting to collaborate and engage by acquiring or partnering with insurtech companies, setting up internal venture capital funds to invest, or establishing startup incubators to attract and support young entrepreneurs to insurance.”  

welches Multiple der Markt den Umsätzen von Bolt zugesteht.

Momentan sind es im Mix zusammen mit den anderen beiden Core-Companies eben nur 3,7.
                                                                                                                       

https://de.trustpilot.com/review/www.boltinsurance.com  

Bolt Insurance is an online insurance quote service specializing in small business. Since they only work with small businesses, you don’t have to worry about being low on their radar compared to bigger companies. There are several advantages to using Bold Insurance:
         -§They staff licensed insurance agents.
         -§You can receive quotes from several companies for your insurance.
         -§They know the types of insurance you need, even if you do not.
         -§The Bolt Insurance website contains several educational resources on small business insurance, what types there are, and why you need (or don’t need) each type.
Bolt Insurance is an excellent choice for the small business person in a hurry. Since you receive several quotes at once, you do not need to spend hours searching out several insurance providers, and filling out forms on their websites or making phone calls. Bolt is also good for newer businesses who do not know much about business insurance. They can suggest the insurance types you need for coverage for your type and size of business.

American Express has so much faith in Bolt Insurance, they launched their own Bolt Insurance site rebranded as InsuranceEdge.com. This is the same exact company, only rebranded for American Express, there are no differences. With this high vote of confidence from an international company, Bolt Insurance is worth the time it takes to fill out the forms and get your quotes

https://businessinsurance.knoji.com/...-review-and-promo-coupon-code/
 

https://player.vimeo.com/video/158938203  

BOLT's revenue growth in Q4 was 9% and 5% for the full year. BOLT bookings growth continued nicely. ARR booking for the year was over $5 million. This is well ahead of where we were a year ago, which is a low six-figure ARR bookings number and sets us up well for 2017. BOLT was operating cash flow positive for the first time in its history, and the operating leverage has improve significantly and we expect that to continue into 2017, as we begin to see sustained leverage in their model.  

BOLT recently introduced a new version of the platform, BOLT 8.0, which in addition to an upgraded version of BOLT's existing enterprise solution, also offers BOLT premium. Aimed for the mid-market with a more plug and play architecture and has a faster sales cycle and implementation process. A great proof point of the faster sales cycle is a BOLT premier deal, we just signed yesterday, a mid-six figure deal which was the culmination of a five month sales cycle.  
We have a second late stage deal in process, along with a growing pipeline. These are typically six-figure deals at the start with a potential to grow into low seven-figure annual revenue overtime. We finished the year with over 75,000 users on the platform, up from almost 50,000 a year ago.  
Additionally, the annualized opportunity to qualify risk going through the platform grew to $4.1 million at year end, doubling from year end 2015. And finally during the quarter we signed a small insurance carrier. We also continue to see substantial growth at our existing customers. A large top five carrier doubled its rate of premium growth on platform from September to November, and then again from November to January. Another top ten carriers added 300 seat licenses over the course of 2016 while also signing a significant contract for a direct-to-consumer offering through the BOLT platform in Q4. This was just launched earlier this month.  

Finally carrier connections are up to 5,600 from roughly 4,900 at the start of 2016.  

http://www.actua.com/wp-content/uploads/2017/02/...all-Transcript.pdf
 

CFO:

Let me provide some additional color on the businesses, again as Buck said for the first time all three businesses were cash flow positive in the quarter, which is a really important milestone. VelocityEHS had a great year achieving revenue growth of 20% and generated significant EBITDA and cash flow. BOLT and FolioDynamix had good years from a bottom-line perspective and BOLT had its best quarter from an operating cash flow perspective in the fourth quarter and improved cash flow on a full year basis 2016 over 2015 demonstrating improving operating leverage. .

http://www.actua.com/wp-content/uploads/2017/02/...all-Transcript.pdf  

A - Kirk Morgan

And I will just add, I think that we were very encouraged by what we saw in the booking especially at Bolt and Flio this quarter. And Bolt at 4.5 -- over $4.5 million of ARR in 2016, we really begin to be recognized in Q4, but majority of it will be in '17, and so I think we are setting ourselves up for a good 2017.

A - Kirk Morgan

Yes. And the team at Bolt has done a great job on the bottom line in terms of costs controls. So I think as we see the revenue that Buck is talking about, beginning to be recognized, we should see good operating leverage on the bottom line as well.
http://www.actua.com/wp-content/uploads/2016/11/...script_Q3_2016.pdf  

Vista Equity Buys Cvent for $1.65 Billion to add Software
by
Gerrit De Vynck

GerritDMore stories by Gerrit De Vynck‎18‎. ‎April‎ ‎2016‎ ‎14‎:‎24‎ ‎CEST ‎18‎. ‎April‎ ‎2016‎ ‎16‎:‎41‎ ‎CEST
Cvent Inc., which makes cloud-based event management software for businesses, agreed to be acquired by affiliates of Vista Equity Partners LLC for $1.65 billion as the technology-focused private equity firm expands its portfolio of software for managing events and conferences.
.
According to terms announced Monday, Cvent stockholders will receive $36 in cash per share, a premium of about 69 percent over Cvent’s closing price on April 15. Cvent will become a private company after the transaction is completed. Cvent’s shares jumped 66 percent, the most since August 2013, to $35.28 at 10:14 a.m. in New York. Cvent’s shares had fallen almost 40 percent this year at the close on Friday.

Cvent’s software helps conference organizers run their events and lets event participants connect through mobile apps. The purchase adds to Vista’s portfolio of event-management software, which already includes Cvent competitor Active Network Inc.
https://www.bloomberg.com/news/articles/...ion-to-boost-tech-offering

Third Quarter 2016 Financial Highlights
Revenue
         •§Total revenue was $56.7 million, an increase of 17.1% from the comparable period in 2015.
         •§Event Cloud revenue was $39.6 million, an increase of 17.2% from the comparable period in 2015.
         •§Hospitality Cloud revenue was $17.1 million, an increase of 16.9% from the comparable period in 2015.
Operating (Loss) Income
         •§GAAP operating loss was $(4.9) million, compared to income of $0.1 million in the comparable period in 2015.
         •§Non-GAAP operating income was $4.8 million, compared to $5.1 million in the comparable period in 2015.

http://www.businesswire.com/news/home/...arter-2016-Financial-Results
 

We believe that, through those and other measures, we are developing a set of leading businesses that possess unique assets which are hard to replicate and which provide competitive differentiation in the sizable vertical markets in which they operate.  We believe further that our vertical cloud business model focus, which drives the compelling value proposition of our businesses, positions us well to generate sustained, meaningful long-term returns for our stockholders through, among other things:

revenue visibility and predictability (and lower revenue volatility than traditional software companies

strong gross margins;

disciplined customer acquisition and attractive lifetime customer values, which allow for efficient growth through investment in sales and marketing;

economies of scale inherent in multi-tenancy software architecture, which allow a focus on innovation; and

ultimately, long-term profitability and positive operating cash flow.

http://icge.ir.edgar-online.com/efxapi/EFX_dll/...IFS&ID=11968988

 

http://www.advicentsolutions.com/en/Resources/...ement-trends-in-2017  

sind meines Erachtens nicht unbedingt viel, allerdings muss man auch noch die Aberundungskäufe berücksichtigen, die nicht in den 21,7 Millionen enthalten sind und wo die Zukäufe von Unternehmen vermutlich billiger waren als Eigenentwicklungen.

In 2016 , 2015 and 2014, Bolt spent approximately $ 3.4 million , $4.4 million and $3.8 million, respectively, on research and development activities.  
As of December 31, 2016 , Bolt had 186 employees, all of which are full-time employees.  

In 2016 , 2015 and 2014 FolioDynamix spent approximately $ 10.5 million , $8.8 million and $0.6 million (which represents the amount of expense recognized in 2014 relating to the period from acquisition date to the end of the year), respectively, on research and development activities.  
As of December 31, 2016 , FolioDynamix had 156 employees, of which 3 are part-time employees

In 2016 , 2015 and 2014, VelocityEHS spent approximately $ 7.8 million , $5.8 million and $3.6 million, respectively, on research and development initiatives.    
As of December 31, 2016 , VelocityEHS had 375 employees, of which six are part-time employees.  

http://icge.ir.edgar-online.com/efxapi/EFX_dll/...IFS&ID=11968988
 

BOLT® Solutions, Inc. Bets on P&C Insurance Incumbents Paying Off

NEW YORK, April 19, 2017 /PRNewswire/ -- BOLT® Solutions, Inc. (www.boltinc.com), the leading digital distribution platform to the property and casualty (P&C) insurance industry, today announced its continued strong growth in all aspects of the business and the industry's adoption of the BOLT Platform. Ending 2016 with both strong revenue growth and market momentum, BOLT Solutions remains focused on its goal to enable insurers to successfully deliver products and service in one stop.

http://finance.yahoo.com/news/bolt-solutions-inc-bets-p-130000705.html