You might also like
CCC Intelligent Solutions Holdings Inc. (CCCS) is a leading provider of cloud-based SaaS solutions for the property and casualty (P&C) insurance economy. The company connects over 35,000 businesses, including insurers, collision repairers, automakers, and parts suppliers, to digitize workflows and enable seamless collaboration. CCCS specializes in software subscriptions that streamline operations, enhance customer experiences, and support AI-enabled digital workflows.
- Software Subscriptions - Provides cloud-based SaaS solutions that digitize mission-critical workflows for the P&C insurance ecosystem, enabling collaboration among insurers, repair facilities, automakers, and parts suppliers.
- Other Revenue - Includes additional services and offerings that complement the core software subscription business.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Githesh Ramamurthy ExecutiveBoard | CEO and Chairman of the Board | None | Githesh Ramamurthy has been the CEO and Chairman since 2021, leading CCCS in leveraging AI and innovative technologies. | View Report → |
Brian Herb Executive | Executive Vice President, Chief Financial and Administrative Officer | None | Brian Herb joined CCCS in February 2020, ensuring compliance and accurate financial reporting. | |
John Goodson Executive | Executive Vice President, Chief Product and Technology Officer | None | John Goodson has been in his current role since January 2023, previously serving as CTO and in product development roles. | |
Marc Fredman Executive | Senior Vice President, Chief Strategy Officer | None | Marc Fredman joined CCCS in 2014, focusing on strategy, new markets, and M&A. | |
Mary Jo Prigge Executive | Executive Vice President, Chief Service Delivery Officer | Board of Trustees, past Vice Chair and Treasurer of the Collision Repair Education Foundation | Mary Jo Prigge has been with CCCS since 1998, contributing significantly to service delivery and operational strategy. | |
Rodney Christo Executive | Chief Accounting Officer | None | Rodney Christo is the Chief Accounting Officer as of January 13, 2025. | |
Christopher Egan Board | Director | Managing Partner at Advent International; Board member of Ansira Partners, Definitive Healthcare, NielsenIQ, Xplor Technologies | Christopher Egan has been on the CCCS Board since July 2021, with a background in financial analysis and private equity. | |
Eileen Schloss Board | Director | Board member of Alteryx, Sprinklr, Sharethrough; Operations Advisor to Advent International | Eileen Schloss has been on the CCCS Board since July 2021, recognized for her HR expertise and public company board experience. | |
Eric Wei Board | Director | Partner at Advent International; Board member of Tekion, Conservice, Zenoti, FinancialForce, Assembly, P2 Energy | Eric Wei has been on the CCCS Board since July 2021, with extensive experience in technology and FinTech industries. | |
Lauren Young Board | Director | Managing Director at Advent International; Board member of Definitive Healthcare, Forescout, Iodine Software | Lauren Young has been on the CCCS Board since July 2021, with expertise in financial and technology industries. | |
Neil de Crescenzo Board | Class II Director, Audit Committee Member | None | Neil de Crescenzo joined the CCCS Board in November 2024, with previous CEO roles at Optum Insight and Change Healthcare. | |
Teri Williams Board | Director | President, COO, and Owner of OneUnited Bank; Chair Emeritus of the Black Economic Council of Massachusetts; Board Member of the 79th Street Corridor Initiative | Teri Williams has been on the CCCS Board since July 2021, with extensive experience in financial services. | |
William Ingram Board | Director | Board member of Paymentus | William Ingram has been on the CCCS Board since July 2021, with previous CFO experience at Avalara and Leap Wireless. |
- Given that claim volumes are down approximately 6% year-over-year, causing about a one-point headwind to revenue growth, can you elaborate on the specific factors driving this decline and how you plan to mitigate its impact on your business?
- Adoption of your emerging solutions appears to be progressing slower than initially expected; what concrete actions are you taking to accelerate client adoption and overcome the bottlenecks in deployment and implementation?
- With some of your top 10 customers gaining market share and others losing it, how are these shifts affecting your overall business performance, and what strategies do you have in place to navigate these changes in your client base?
- You've recently reorganized your customer-facing teams to merge client services and sales; how do you anticipate this restructuring will enhance sales velocity and client engagement, especially for your newer solutions, and when do you expect to see tangible results?
- Considering the softer claim volumes and potential macroeconomic uncertainties, how confident are you in achieving your long-term growth targets, and what contingency plans do you have if these headwinds persist?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
EvolutionIQ Inc. | 2025 | Acquisition completed on January 6, 2025 via a merger agreement, involving approximately $427.9 million in cash and 26,035,603 shares of CCCS common stock (with a portion subject to vesting), which expands CCC’s presence in disability and workers’ compensation claims management and enhances its AI-powered SaaS capabilities; additionally, the deal included a $300 million share repurchase program and specific stock registration terms. |
Safekeep, Inc. | 2022 | Acquisition completed on February 8, 2022 with a cash consideration of $32.3 million and an additional $6.0 million placed in escrow for indemnity holdback, along with a contingent earnout of up to $90.0 million; the deal aims to broaden the company’s portfolio of cloud-based solutions for insurance subrogation management, with detailed asset and goodwill allocations supporting the strategic fit. |
Recent developments and announcements about CCCS.
Earnings
New Earnings (Q4 2024)
·Feb 26, 2025, 2:00 PMView full earnings summary →CCC’s Q4 reveals over 10,000 repair facilities and 100+ carriers using 300+ AI models. Emerging solutions grew 30% but represent only ~3% of revenue. Claims volume dipped 5% in 2024, and adjusted EBITDA margin may drop ~200 bps in 2025 due to integration costs.
8-K Filings
8-K Filing
·Mar 3, 2025, 10:06 PMFinancial ExhibitsOther EventsView full 8-K filing →An 8-K filing details that certain shareholders plan to sell an aggregate of 42M common shares, while the Company has agreed to repurchase 7M shares at $10.325 per share. Terms are detailed in the filing.