Web-based technology solutions for health insurers
ikaSystems was a technology platform providing web-based, software as a service (“SaaS”) solutions for healthcare payers. The Company’s products delivered business automation and process solutions that generated cost savings for customers in their commercial, Medicare, Medicaid and ACO lines of business. Headquartered in Southborough, MA, the Company had over 300 employees. In November 2015, Blue Cross Blue Shield of Michigan announced that ika Systems had become an independent subsidiary of Blue Cross Blue Shield.
- Southborough, MA
- Acquired by: Blue Cross of Michigan
- Exit date: March 15, 2016
“Essex Woodlands has been an invaluable partner helping to guide us through a critical stage of our growth. Their financial and strategic support, combined with their insight and considerable industry experience, has accelerated our emergence as the preferred choice in the market.”
Chief Executive Officer
Testimonials and endorsements reflect portfolio company management’s opinions and beliefs regarding the company and the investment. Such opinions and beliefs are subjective, do not represent a complete assessment of the company, the market or EW’s overall investment performance and cannot be independently verified. Such statements are being offered as references for purposes of demonstrating the benefits of working with the EW team and not for the purpose of soliciting investors. Portfolio company executives receive/received a salary and economics from the portfolio company. No executives were paid for their testimonial or endorsement. There is a conflict of interest in these unpaid testimonials and endorsements in that all speakers stand to benefit from EW’s success and they work/worked for an EW portfolio company.