CHSI Technologies (CHSI), a market-leading cloud-based platform for the commercial insurance industry, announced the appointment of SaaS industry veteran Chris Stites as Chief Executive Officer. The company also rounds out its management team with Aaron Rich as Chief Technology Officer, Angie Hewitt as EVP Operations, Ryan Ward as VP Sales, and Matthew Crum as VP Product. This leadership team join industry veterans, Lee Mashore and Trevor Lightbound, bringing 100 years of combined enterprise software experience needed to support CHSI’s next era of growth, major expansion of their product platform, and operational maturity.
Stites and team delivered on a significant uptick in new enterprise client wins and surpassed budget expectations in Q1. Highlights include:
- Total Revenues increased by 62% YoY
- Subscription Sales Bookings increased by 349% YoY
- Company increased headcount across every functional area by 33% YoY
- Company transitioned headquarters location to Denver, CO
“There is a massive market opportunity for CHSI to modernize and digitally transform the way Insurance companies execute and scale their businesses,” stated Chris Stites, Chief Executive Officer CHSI Technologies. “While our highest priority is ensuring the safety and wellbeing of our families, friends, communities, shareholders, and clients during the COVID-19 crisis, I am excited for us to continue building on the company’s momentum with an extraordinary and passionate team of industry and technology experts.”
“I’m thrilled to welcome Chris as the CEO of CHSI and know he brings the drive and visionary experience needed to take the company to the next level,“ states John Raeder, Chairman of the Board and Head of Software Investments at Bow River Capital’s Software Growth Equity fund. Raeder further stated, “We’re exceptionally pleased with the record-breaking financial results the company delivered in Q1 and expect solid results in Q2 and throughout 2020.”
About CHSI Technologies
Established in 2010, CHSI Technologies provides Connections™, a market-leading SaaS solution delivering automation and digital transformation support for the entire commercial insurance lifecycle. Connections™ empowers insurance providers, carriers, pools, captives, and risk managers to manage their operations more efficiently while increasing productivity and improving customer satisfaction. For more information about CHSI Technologies or CHSI Connections®, visit chsiconnections.com.