TechCanary’s Strong Growth Momentum Prompts Significant Increase in Staff and Move to New Headquarters

Strong insurance industry market acceptance, rapidly growing user base, and revenue growth expected to continue and accelerate

MILWAUKEE--(BUSINESS WIRE)-- TechCanary, a provider of a cloud-based, analytics-driven insurance sales and service productivity solution and the #1 insurance solution on Salesforce.com, today announced that its strong 2015 performance and continued growth momentum has prompted a series of operational changes from staff expansion to a move to new headquarters.

Since first introducing its TechCanary Insurance Sales & Service Productivity Platform in 2013, the company has experienced quick market acceptance based on the industry’s pent up need for a new and innovative alternative to legacy agency management systems, limited CRM and call center solutions, as well as a continued enterprise need for a single view of the customer.

With the increase in users of the system over the past year, combined with more than 250% revenue growth during the same period, TechCanary is putting the organizational infrastructure in place to best address the recent growth as well as the continued strong momentum.

Most recently, TechCanary has moved its headquarters to a 7,000 square foot facility to provide ten times the space of its startup location. TechCanary’s number of users tripled in 2015, and the company has responded by tripling its staff over the last 6 months with more expansion planned.

“Since founding TechCanary in 2013 we have seen a tremendous amount of growth, learned a lot of lessons and have matured both our product and our organization,” said Reid Holzworth, TechCanary CEO and co-founder. “Now that we are well established and have grown beyond our startup stage, we needed to have an operation and organization that could address our recent growth and increasing momentum. We are on track in 2016 to more than double our revenues over last year, signaling an even stronger market foothold for TechCanary and our sales and service productivity platform.”

TechCanary’s new headquarters address is:

500 West Silver Spring Drive
Suite K320
Milwaukee WI 53217

TechCanary’s Insurance Sales & Service Productivity Platform is a cloud-based, analytics driven solution, well suited for agencies, brokerages, MGAs, GAs, wholesalers and carriers. Built inside the world's #1 CRM platform Salesforce.com, the TechCanary solution offers a complete ACORD data structure, support for all lines of business in P&C, life, health and benefits, and integration with both email and phone, and all browsers and mobile devices. The platform enables efficient management of the entire insurance sales and service process from lead to sale to ongoing customer support, including renewal. Robust out of the box real-time analytics is included along with fully user-configurable automation and workflows. TechCanary clients can choose from over 3,000 add-on pre-integrated Apps, enabling easy expansion of capabilities and quick-to-value deployment. Included with the TechCanary platform is a Salesforce.com license. TechCanary professional services are also available for setup, data migration, deployment, configuration assistance, and ongoing support.

About TechCanary

TechCanary was born from one agent’s dissatisfaction with available agency management and business automation offerings. Leveraging Saleforce.com to build a system to successfully manage his own business, Reid Holzworth subsequently co-founded TechCanary in 2013, making the insurance sales and service productivity platform commercially available. Today, as the #1 insurance solution available on Saleforce.com, the TechCanary platform supports the sales and service process for all lines of insurance business and for all insurance entities from agency to carriers. To learn more about TechCanary, please call 414-446-3999 or visit www.techcanary.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160524005038/en/

Solomark Associates

Susan Douglas
847.895.2634

[email protected]

Source: TechCanary