Clarity Software said Tuesday that it has received undisclosed funding from North Bridge. According to Clarity, the capital will be used for personnel hiring, expansion and sales and marketing. Headquartered in Madison, Conn., Clarify is a provider of document management and communications delivery solutions for the health insurance sector.
MADISON, Conn.–(BUSINESS WIRE)–Clarity Software Solutions, Inc. (Clarity), a leading provider of on-demand document management and communications delivery solutions for the health insurance industry, announced today that it has secured growth investment from North Bridge, a leading venture capital growth equity firm focused on investing in emerging and high-growth technology companies. The investment will be used to accelerate the company’s exceptional growth trajectory by adding seasoned executive talent, investing in strategic sales and marketing initiatives, and further expanding its suite of products.
As the healthcare industry continues to evolve, Clarity’s solutions enable health plans to manage delivery of critical communications while allowing them to comply with regulations and adapt to changing business needs and customer preferences. Clarity’s best-in-class and cutting-edge technology platform addresses the increasing complexity of a health plan’s communications activities. In addition, it addresses the need for an outsourced compliance, IT and member communications solution, while streamlining administrative costs and increasing member satisfaction.
“We’re very pleased to be partnering with North Bridge and to leverage their extensive healthcare technology and software expertise to take Clarity to the next level. Their investment in Clarity underscores the huge potential of this company and the need for health plans to have complete control over communications delivery,” said Sean Rotermund, Founder, President and CEO of Clarity. “We’ve been able to achieve significant growth over the past five years evidenced by recognition from Deloitte Technology Fast 500 and Inc 500, as one of the nation’s fastest growing software companies. Investment from North Bridge will be instrumental as we continue to invest in our infrastructure, technology, products and customer service in order to further fuel our growth and continue to provide world-class support and solutions to our valued customers.”
“At a time when complex healthcare compliance mandates require more than just printing capabilities, Clarity has distinguished itself in the market by providing a sophisticated data-driven technology platform, with a breadth of product offerings, and excellent customer service,” said Russ Pyle, General Partner with North Bridge Growth Equity. “We’re proud to partner with Clarity in the competitive healthcare market and look forward to helping Clarity and its industry leading solutions define the evolving healthcare communications market.”
About Clarity Software Solutions, Inc.
Clarity Software Solutions, Inc. assists clients with optimizing customer relationships by enhancing flexibility and control over their document management and communications delivery. Clarity is headquartered in Madison, CT and serves health insurance providers across the country. Clarity’s custom solutions are built within secure web-based technology, are easy-to-use and allow a single communication to be published to any form of media–print, web or email. For more information, please visit www.clarityssi.com.
About North Bridge Growth Equity
North Bridge Growth Equity, a leading growth equity firm focused on emerging high-growth technology companies since 2007, is affiliated with North Bridge Venture Partners, a leading early-stage and start-up technology venture capital investor founded in 1994. With nearly $4 billion in capital currently under management, North Bridge collectively has invested in nearly 200 technology companies across five diversified sectors including healthcare, software, communications, materials and digital media. Select investments include Acquia, Demandware, Dyn, Humedica, Phase Forward, Proto Labs, RuffaloCody, and Valence Health. The firm has offices in Waltham, MA and Palo Alto, CA. To learn more about North Bridge go to www.northbridge.com.