Abry partners and hoplon capital announce completion of concentrix insurance solutions acquisition

Boston, july 7, 2021 /prnewswire/ -- abry partners, a leading boston-based private equity firm, and hoplon capital, an asset manager focused on digital disruption of end markets including insurance, announced the completion of their acquisition of concentrix corporation's (nasdaq: cnxc) insurance third-party administration and software platform. concurrent with the transaction, the independent stand-alone insurance administration and software services company has been re-branded as illumifin and will be led by newly-appointed chief executive officer phil ratcliff, a seasoned insurance industry executive with 30 years of broad based financial services capability, including senior roles in industry, consulting, technology and outsourcing.
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