Open GI - About the company
Open GI is an acquired company based in Worcester (United Kingdom), founded in 1979. It operates as a Software Provider for Insurance Market. Open GI has raised an undisclosed amount in funding. The company has 744 active competitors, including 114 funded and 108 that have exited. Its top competitors include companies like Guidewire, Duck Creek and FintechOS.
Company Details
Open GI is an insurance software provider which provides broker software and Insurer Solutions. Its product includes policy administration, accounting, FCA compliant, underwriting platform and solutions. It serves Insures, MGA, brokers across all personal and commercial line distribution.It is part of the Open International Group.
- Website
- www.opengi.co.uk/
- Email ID
- *****@opengi.co.uk
Key Metrics
Founded Year
1979
Location
Worcester, United Kingdom
Stage
Acquired
Latest Funding Round
Investors
Ranked
76th among 744 active competitors
Employee Count
426 as on Aug 31, 2026
Exit Details
Acquired by Montagu (Aug 18, 2014)
Legal entities associated with Open GI
Open GI is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
OPEN G I LIMITED CIN: 1519547 , Germany, Active | Sep 29, 1980 | - | 305 (As on May 31, 2024) |
Open GI's acquisition details
Open GI got acquired by Montagu on Aug 18, 2014.
Click here to take a look at Open GI's acquisition in detail
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Open GI's funding and investors
Open GI has raised funding over 1 round. Open GI has 1 institutional investor.
Here is the list of recent funding rounds of Open GI:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 26, 2013 | 8973587 | Conventional Debt | 6874769 | 5025568 | 9255688 | 9897645 |
View details of Open GI's funding rounds and investors
Open GI's founders and board of directors
Founder? Claim ProfileOpen GI's employee count trend
Open GI has 426 employees as of Aug 26. Here is Open GI's employee count trend over the years:
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Open GI's Competitors and alternates
Top competitors of Open GI include Guidewire, Duck Creek and FintechOS. Here is the list of Top 10 competitors of Open GI, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Guidewire 2001, San Mateo (United States), Public | Developer of software platforms for property and casualty insurance operations | - | 77/100 | |
2nd | Duck Creek 2000, Boston (United States), Acquired | Provider of cloud-based solutions for property and casualty and general insurance | $350M | 71/100 | |
3rd | FintechOS 2017, London (United Kingdom), Series B | Provider of AI-based software suite for the banking and insurance industry | $146M | 68/100 | |
4th | Bestow 2016, Dallas (United States), Series D | Developer of life insurance new business and administration software platform solutions | $216M | 68/100 | |
5th | Insurity 1985, Hartford (United States), Acquired | AI and cloud-based policy management and claims administration solutions | $57M | 68/100 | |
6th | Bold Penguin 2016, Columbus (United States), Acquired | Software suite for the commercial insurance industry | $50.1M | 67/100 | |
7th | iPipeline 1995, Exton (United States), Acquired | Cloud-based software suite for life insurance and financial services industry | $104M | 66/100 | |
8th | Cloud-based software solutions for credit insurers, surety bonds & trade finance | $147M | 65/100 | ||
9th | Hyperexponential 2017, London (United Kingdom), Series B | Developer of software for commercial insurance pricing and underwriting workflows | $91M | 65/100 | |
10th | Bravura Solutions 2004, Edinburgh (United Kingdom), Acquired | Software solutions for life insurance and wealth management | $28.4M | 64/100 | |
76th | Open GI 1979, Worcester (United Kingdom), Acquired | Software Provider for Insurance Market | - | 48/100 |
Looking for more details on Open GI's competitors? Click here to see the top ones
Open GI's Investments and acquisitions
Open GI has made 1 investment in Machine Learning Programs and acquired HUGHUB and Transactor.Here is the list of these investments and acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Apr 04, 2024 | Acquisition | 2016 | London (United Kingdom) | |
Sep 03, 2019 | Investments | 2018 | Dublin (Ireland) | |
Apr 06, 2017 | Acquisition | 2010 | Winchester (United Kingdom) |
Reports related to Open GI
Here is the latest report on Open GI's sector:
News related to Open GI
Media has covered Open GI for 1 event in last 1 year, It was about people movement.
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Open GI Confirms "Structured Transformation Programme" with Roles at Risk of RedundancyInsurance POST•May 13, 2026•Open GI
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Ceta Uses Open GI’s Mobius Platform to Open Up New Insurance LinesFintech Finance•Nov 25, 2024•Open GI, CETA, Ceta
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OpenDialog Partners With Open GI to Bring Automation and Conversational AI to Insurance BrokersFintech Finance•Oct 01, 2024•Opendialog Ai, Open GI
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Open GI makes acquisition to help brokers enhance digital processesInsurancetimes•Apr 05, 2024•Open GI, HUGHUB
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Insurtech firm MLP secures investment from Open GIVerdict•Sep 03, 2019•Open GI, Machine Learning Programs
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