We are a global company based in London with our U.S. headquarters in Atlanta. Ventiv has more than 45 years of experience in the technology business, and we partner with more than 625 organizations and serve more than 390,000 users around the world. We provide streamlined business processes through a personalized and configurable approach resulting in measurable value for organizations by leveraging an integrated risk, claims, and safety technology solution.
Ventiv’s products are the most modern and technologically up to date in the market for risk, claims, and policy software solutions. We’ve completely regenerated our core product base: From the browser all the way back to the server, Ventiv IRM™ is a complete rebuilding of our integrated risk management solution; Ventiv Claims™ is a major upgrade of our core-administration systems; and Ventiv Policy™ is our powerful end-to-end policy administration platform.
Ventiv is the fastest-growing provider of software solutions for risk management, claims administration, and policy administration. By combining technical expertise with in-depth domain knowledge, we empower organizations to achieve optimal results. We’re especially adept at large, complex implementations; however, every one of Ventiv’s more than 625 customers enjoys a client-delivery model distinguished by its clarity and simplicity: Each client has a single point of contact—the client delivery lead—supported by a team of specialists.
Ventiv’s three core products—Ventiv IRM, Ventiv Claims, and Ventiv Policy—are built on the latest technologies. But we go further, adding innovative cross-product tools that enhance our solutions’ value.
2017 was one of the very best in Ventiv’s 46-year history. New sales increased 129 percent, while sales to existing clients grew 27 percent. Ventiv won one of the biggest deals in the history of our marketplace when the County of Los Angeles selected us. In 2017, client retention improved to 97 percent. Ventiv’s goal is to be the undisputed technology provider of choice to the risk, claims, and safety marketplace; recent returns show we’re on our way.
By all key measures, Ventiv is positioned well for continuing robust growth. 2018 has seen strong revenue growth compared to a successful 2017, including our biggest sale ever in Europe. We added 60 new colleagues in 2017, including several leading executives from the industry. Employee attrition for the second half of 2017 came in at half the industry average. The trend continued in the first quarter of 2018 as we added 15 new employees. Growth benefits our clients as we invest even more in our products and services, including all-new equipment at our U.S. data centers in 2018.
Ventiv is a Symphony Technology Group (STG) portfolio company. STG is a strategic private equity firm with the mission of investing in and building great software and services companies. In addition to capital, STG provides transformation expertise to enable its companies to deliver maximum value to their clients, to drive growth through innovation, to retain and attract the best talent and to achieve best in class business performance.