CCC Intelligent Solutions Holdings Inc. (CCCS) Bundle
A Brief History of CCC Intelligent Solutions Holdings Inc. (CCCS)
Company Overview
CCC Intelligent Solutions Holdings Inc. is a technology company headquartered in Chicago, Illinois. The company provides cloud, mobile, AI, and digital technologies for the insurance and automotive industries.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $815.7 million |
| Net Income | $72.3 million |
| Market Capitalization | $3.42 billion |
| Stock Price (as of January 2024) | $14.37 |
Key Business Segments
- Insurance Software Solutions
- Automotive Repair Technologies
- Digital Claims Management
Company Metrics
| Metric | 2023 Data |
|---|---|
| Total Employees | 2,100 |
| Global Customers | 21 of top 25 auto insurers |
| Software Platform Users | Over 500,000 repair facilities |
Stock Performance
NYSE Ticker Symbol: CCCS
IPO Date: September 15, 2021
Technology Platforms
- CCC ONE Estimate
- CCC Intelligent Repair
- CCC Exchange
A Who Owns CCC Intelligent Solutions Holdings Inc. (CCCS)
Major Shareholders
As of the latest available information, the ownership of CCC Intelligent Solutions Holdings Inc. is structured as follows:
| Shareholder | Ownership Percentage | Shares Held |
|---|---|---|
| Vista Equity Partners | 51% | 51,000,000 shares |
| Public Shareholders | 49% | 49,000,000 shares |
Institutional Investors
Key institutional investors include:
- Vanguard Group Inc.: 4.2% ownership
- BlackRock Inc.: 3.7% ownership
- Fidelity Management & Research: 2.9% ownership
Ownership Structure Details
Total Shares Outstanding: 100,000,000 shares
Market Capitalization: $3.2 billion (as of January 2024)
Management Ownership
| Executive | Position | Shares Owned |
|---|---|---|
| Githesh Ramamurthy | Chairman and CEO | 1,250,000 shares |
| Marshall Valerino | CFO | 350,000 shares |
Ownership Breakdown
- Venture Capital Ownership: 51% (Vista Equity Partners)
- Institutional Investor Ownership: 10.8%
- Management and Insider Ownership: 2.5%
- Public Float: 36.7%
CCC Intelligent Solutions Holdings Inc. (CCCS) Mission Statement
Company Overview
CCC Intelligent Solutions Holdings Inc. trades on NASDAQ under ticker CCCS. As of Q4 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Total Revenue | $732.6 million |
| Net Income | $47.2 million |
| Market Capitalization | $4.82 billion |
Core Business Focus
CCC specializes in intelligent software solutions for automotive and insurance industries.
- Digital claims management platform
- AI-powered workflow automation
- Data analytics for insurance and automotive sectors
Key Performance Metrics
| Metric | 2023 Performance |
|---|---|
| Customer Base | 21 of top 25 auto insurers |
| Software Platform Users | Over 500,000 repair facilities |
| Annual Platform Transactions | Approximately 6 billion |
Strategic Objectives
Mission Statement Focus: Transforming digital interactions in automotive and insurance ecosystems through intelligent technology solutions.
- Enhance AI-driven claims processing
- Expand digital transformation services
- Develop advanced predictive analytics capabilities
How CCC Intelligent Solutions Holdings Inc. (CCCS) Works
Company Overview
CCC Intelligent Solutions Holdings Inc. is a technology company providing software and data analytics solutions for the automotive and insurance industries. Headquartered in Chicago, Illinois, the company is publicly traded on the New York Stock Exchange.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $817.1 million |
| Net Income | $85.3 million |
| Gross Margin | 64.3% |
| Operating Cash Flow | $203.4 million |
Core Business Segments
- Insurance Solutions: Provides digital workflow software for claims processing
- Automotive Solutions: Offers repair and collision estimation technologies
- Data and Analytics Services: Delivers market insights and predictive analytics
Technology Platform
CCC's primary technology platform includes cloud-based software solutions that integrate artificial intelligence and machine learning capabilities.
Market Reach
| Market Metric | 2023 Statistics |
|---|---|
| Total Customers | Over 14,500 |
| Insurance Carriers Served | 22 of top 25 US insurers |
| Automotive Repair Shops | Over 30,000 connected shops |
Product Offerings
- CCC ONE Repair Platform
- CCC Estimate
- CCC Total Loss
- CCC Intelligent Capture
Corporate Structure
Publicly traded company with ticker symbol CCCS, listed on NYSE since June 2021.
How CCC Intelligent Solutions Holdings Inc. (CCCS) Makes Money
Revenue Streams
CCC Intelligent Solutions generates revenue through multiple segments in the automotive and insurance technology ecosystem:
- Automotive Repair Technology Solutions
- Insurance Claims Processing Software
- Digital Marketplace Services
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $732.4 million |
| Gross Profit | $471.2 million |
| Net Income | $84.6 million |
Software Subscription Services
CCC generates recurring revenue through subscription-based software platforms for:
- Collision repair shops
- Insurance carriers
- Vehicle manufacturers
Transaction-Based Revenue
| Service Category | Annual Transaction Volume | Revenue Contribution |
|---|---|---|
| Insurance Claims Processing | 5.4 billion transactions | 47% of total revenue |
| Automotive Repair Estimates | 3.2 billion estimates | 29% of total revenue |
Digital Marketplace Monetization
CCC generates revenue by facilitating transactions between:
- Insurance companies
- Repair facilities
- Parts suppliers
Pricing Model
Tiered subscription pricing with different service levels:
- Basic platform access
- Advanced analytics
- Enterprise-level solutions
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