EIS Group Acquisition, Valuation, Funding & Investors

EIS Group was acquired by Amdocs for $340M in November 2026.

EIS Group acquisition price

$340M

Acquired by Amdocs · Nov 2026

Cumulative funding EIS Group raised

$153M

across 2 funding rounds

Key investors in EIS Group

  • Lightspeed Venture Partners
  • TPG
  • Focus Ventures
  • Alec Miloslavsky
  • Exigen Capital
  • Greg Shenkman

EIS Group Overview

About EIS Group

EIS Group is a San Francisco-headquartered provider of core insurance software platforms including PolicyCore for product configuration and ClaimCore for claims automation. The company serves over 100 insurers globally in property, casualty, life, and health lines, with deployments at Helvetia and Generali. Established in 2008, EIS integrates with legacy systems via low-code tools supporting straight-through processing in 50 countries.


Founded

1999

HQ

United StatesSan Francisco, CA

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$340M (acquired Nov 2026)

EIS Group Acquisition

EIS Group was acquired by Amdocs for $340M on 3 November 2026.

Before the acquisition EIS Group had raised $153M across 2 funding rounds.

Amdocs acquired EIS, the San Francisco-based insurance technology provider, for approximately $340 million in cash, announced in November 2026. The release says additional consideration may follow if performance metrics are met. The acquisition is Amdocs' first step into the insurance industry, a new vertical beyond its telecommunications base. Amdocs chief executive Shimie Hortig said that expanding into a new vertical is a key pillar of the company's growth strategy and that the deal is an important first step. EIS provides a modern, cloud-native and agentic multi-line insurance core platform and serves dozens of insurance carriers globally, including Aflac, CSAA and Allstate. The combination brings together EIS' AI-native core platform and insurance expertise with Amdocs' scale and transformation capabilities. Alec Miloslavsky is the founder of EIS. Amdocs is a listed software and services provider that reported revenue of $4.53 billion in fiscal 2025.

EIS Group acquisition details
AcquirerDateTypePrice
3 Nov 2026Strategic M&A$340M

Sources: amdocs.com, eisgroup.com, coverager.com

EIS Group Funding History

EIS Group has raised a total of $153M across 2 funding rounds.

EIS Group's first fundraising round was a $53M undisclosed-stage round in March 2020. The most recent completed round was a $100M undisclosed-stage round in June 2021.

EIS Group funding rounds

EIS Group funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2021Undisclosed stageTPG (lead); Exigen Capital; Focus Ventures; Greg Shenkman; Lightspeed Venture Partners; Alec Miloslavsky$100MEIS Group, a San Francisco-based insurance technology company, provides a core and digital platform called EIS Suite for insurers, offering cloud-native solutions deployable on AWS, Microsoft Azure, and Google Cloud to accelerate innovation, product launches, and new revenue channels across risk, health, and wealth segments. On June 29, 2021, EIS announced a growth investment of more than $100 million from TPG's Tech Adjacencies fund, with TPG as the lead investor. The funding aims to accelerate product development and support geographic expansion into the U.S., Europe, and Asia, addressing prior underfunding in sales and marketing while affirming EIS's multiline, multi-geography strategy. EIS positions itself ahead of industry trends by offering a single flexible platform for multiple lines of business, contrasting with advice to niche down, and enabling insurers to transition from outdated legacy systems to more agile, secure solutions. TPG Partner Nehal Raj highlighted EIS's role in insurance digital transformation, praising its customer-centric approach and speed-to-market advantages. The transaction involved GCA as exclusive financial advisor to EIS, William Blair advising TPG, and Kirkland & Ellis as legal counsel. EIS's technology serves global insurers seeking operational efficiency and competitiveness, with TPG's involvement—managing nearly $96 billion—providing capital and expertise without altering the roadmap or management team. The investment underscores momentum in insurtech amid TPG's broader tech portfolio including Vertafore and CCC Information Services.
Mar 2020Undisclosed stage-$53M-

Who has invested in EIS Group?

6 investors have backed EIS Group across its funding rounds, including Lightspeed Venture Partners, TPG, Focus Ventures, Alec Miloslavsky, Exigen Capital and Greg Shenkman.

Lead investors include TPG.


EIS Group Investors

Investors in EIS Group by funding rounds participated
InvestorHQRoundsRoleFirst check
Exigen CapitalUnited StatesSan Francisco, CA1ParticipantJun 2021
Focus VenturesUnited StatesSan Francisco, CA1ParticipantJun 2021
Greg ShenkmanUnited StatesSan Francisco, CA1ParticipantJun 2021
Lightspeed Venture PartnersUnited StatesSan Francisco, CA1ParticipantJun 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by EIS Group

EIS Group has acquired 1 company to date.

Last acquisition by EIS Group was on August 1st 2022. EIS Group acquired Metromile Enterprise for undisclosed valuation.


Latest Acquisitions by EIS Group

Metromile Enterprise
Description
-
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date1 Aug 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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EIS Group Competitors

EIS Group competitors include listed companies like Aurionpro Solutions and i3 Verticals, and private ones like SmithRx, Ocrolus, GVE and NYMBUS.

Public and private companies comparable to EIS Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SmithRxUnited StatesSan Francisco, CAPrivate--$355M-
OcrolusUnited StatesUnited StatesPrivate$20M-$500M25.0x
GVEJapanTokyoPrivate--$521M-
Aurionpro SolutionsIndiaIndiaPublicly listed$150M$31M$340M1.8x
i3 VerticalsUnited StatesUnited StatesPublicly listed$213M$43M$344M2.6x
NYMBUSUnited StatesJacksonville, FLPrivate--$334M-

EIS Group Public Comps

EIS Group is no longer listed, but its public comps include Aurionpro Solutions, i3 Verticals, Beijing Sunwayworld, Wellstar Technologies, Vitalhub, Software Service, Optima Health, Yidu Tech, Unit and AdvancedAdvT.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aurionpro Solutions$150M$31M2.0x1.8x9.5x9.5x
i3 Verticals$213M$43M2.7x2.6x13.5x9.9x
Beijing Sunwayworld$58M$3M5.5x-99.0x-
Wellstar Technologies$52M$7M5.5x-41.7x-
Vitalhub$78M$10M3.3x2.8x24.7x11.0x
Software Service$267M$59M0.8x0.8x3.9x5.7x
Optima Health$162M$20M3.1x2.2x24.5x14.8x
Yidu Tech$123M($4M)0.7x0.7x(24.3x)4.8x

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Common questions about EIS Group

When was EIS Group founded?EIS Group was founded in 1999.
Where is EIS Group headquartered?EIS Group is headquartered in San Francisco, CA, United States.
Is EIS Group publicly listed?No, EIS Group was acquired by Amdocs in November 2026.
Who acquired EIS Group?EIS Group was acquired by Amdocs in November 2026.
How much was EIS Group acquired for?EIS Group was acquired for $340M in November 2026.
How much funding has EIS Group raised?EIS Group has raised $153M across 2 funding rounds.
What was EIS Group's last funding round?EIS Group's last funding round was a $100M undisclosed-stage round in June 2021, led by TPG.
Who are EIS Group's investors?EIS Group's investors include Exigen Capital, Focus Ventures, Greg Shenkman, Lightspeed Venture Partners, TPG and Alec Miloslavsky.
Which companies are comparable to EIS Group?Companies comparable to EIS Group include SmithRx, Ocrolus, GVE, Aurionpro Solutions, i3 Verticals and NYMBUS.
How many companies has EIS Group acquired?EIS Group has acquired 1 company, including Metromile Enterprise.

See companies similar to EIS Group

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