CCCC Intelligent Solutions provides a data-driven platform that connects auto insurers with collision repair shops to standardize and speed up vehicle damage estimates and claim handling. Its core asset is a networked database of parts and labor information that supports digital workflows and AI-powered tools for the auto claims process. The value grows through network effects as more insurers and shops join, creating a more complete data ecosystem and smoother claim routing. The goal is to expand this network and tooling to reduce friction, speed settlements, and become the central digital backbone of auto claims.
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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Chicago, IL
Founded
1980
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Total Funding
$2.3B
Above
Industry Average
Funded Over
6 Rounds
CCC Intelligent Solutions (CCC), a SaaS and AI platform for the insurance and repair industry, has launched Calibration Guidelines. The tool puts calibration recommendations from leading providers directly into estimating workflows for repairers and insurers. Advanced driver assistance systems (ADAS) are growing more common and complex. Repair associations and consumer groups call calibration one of collision repair's most pressing issues, citing the need for easier access to trusted guidance. Recommendations come from providers including asTech, Azimuth, Opus, Kinetic, and REVV, and reflect vehicle makers' repair requirements. All CCC ONE users get the tool at no extra cost. Customers with a participating provider can reach it through the Diagnostics button, and insurers using Advanced or Intelligent Estimating in APEX can also use it.
CCC Intelligent Solutions has agreed to be acquired by a consortium led by private equity firm GTCR, with Elliott Investment Management also taking part. The all-cash deal values the insurance software and AI platform provider at about $6.1 billion, including debt. CCC stockholders will receive $7.75 per share. That is a premium of about 44% to the closing price on July 9, 2026, the last trading day before media speculation about a sale. The deal is expected to close in the first quarter of 2027, subject to regulatory and stockholder approvals. It has no financing condition. CCC will then become private and leave the Nasdaq. Chicago-based CCC connects more than 35,000 businesses across the insurance and repair industry.
CCC Intelligent Solutions Holdings Inc. reported second quarter 2026 revenue of $285.9 million, a 10% increase from $260.5 million in the same period last year. The insurance technology company achieved an adjusted EBITDA margin of approximately 40%. Chairman and CEO Githesh Ramamurthy highlighted growing customer adoption of AI across the company's platform. He noted that customers are deploying AI operationally to address business challenges, reinforcing the value of CCC's data and workflow capabilities. GAAP net income reached $20.8 million, up from $13.0 million year-over-year. Adjusted EBITDA grew 6.8% to $115.5 million from $108.1 million in Q2 2025. The company maintained a 74% gross margin whilst expanding its role connecting participants across the insurance economy.
Activist investor Elliott Investment Management has built a significant stake in CCC Intelligent Solutions Holdings, according to a Bloomberg report... Read More
Elliott Investment Management has acquired a significant stake in CCC Intelligent Solutions Holdings Inc., a car insurance software provider currently exploring a potential sale. The hedge fund's investment comes as CCC, which provides software solutions for the automotive insurance industry, considers strategic options. The company has been working with advisers on a possible sale process. CCC specialises in software that helps insurance companies process claims and manage vehicle repairs. The firm went public in 2021 and provides technology used by insurers, collision repair facilities, and automotive manufacturers. Elliott's stake-building suggests the activist investor may seek to influence the company's strategic direction. The hedge fund is known for taking positions in technology companies and pushing for operational improvements or sales.
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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Chicago, IL
Founded
1980
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs