ALPHARETTA, Ga., March 30, 2017 /PRNewswire/ -- Decisely, an easy to-use HR and benefits platform for small businesses, announced today a $60 million funding commitment from Two Sigma Private Investments and EPIC Insurance Brokers and Consultants, a portfolio company of The Carlyle Group.
The funding will be used to make HR, benefits insurance and employee administration simple and painless for small businesses in the US. Created by top benefits technology and brokerage experts, Decisely combines the benefits of a technology platform with the personalized guidance traditionally provided by a benefits broker.
"Decisely is the only dedicated small business and broker–collaborative solution. We deliver a unique, complete service to both small businesses and the brokers who have traditionally served them," said Kevin Dunn, CEO of Decisely. "We combine dedicated, licensed trusted advisors and a complementary technology platform as a full-service broker-friendly solution for small business."
"We are pleased to be partnering with Decisely as it transforms the small business segment for HR and benefits," said Brian Modesitt, Managing Director at Two Sigma and board member of Decisely. "In addition to our investment, we are excited to provide Kevin and Decisely with access to Two Sigma's significant platform capabilities, which we work to do with each of the companies in which we invest, including our insurance capabilities, which are aimed at bringing Two Sigma's deep expertise in data science and technology to the insurance industry."
Decisely is transforming benefits insurance with dedicated account management combined with modern HR administration and an automated technology platform for pain-free employee management. More information is available at: http://www.decisely.com.
For more about the Decisely leadership team, please visit http://decisely.com/about/the-company.
Decisely is reimagining the way brokers and small businesses work together. The Decisely solution provides the best combination of benefits, HR resources, and technology to support small businesses in the United States. Decisely is headquartered in Alpharetta, Georgia with offices in California and Utah. To learn more, please visit www.decisely.com.
About Two Sigma Private Investments
Two Sigma Private Investments is the private markets investment division of Two Sigma. TSPI focuses on making investments that provide attractive diversifying sources of return primarily on behalf of the proprietary capital of Two Sigma. TSPI invests through 3 primary business units: Private Investments, Ventures and Real Assets. In Private Investments, TSPI employs a long-term flexible capital approach and a principal mindset to build business platforms with experienced management teams and strategic partners across industries including financial services, transportation and natural resources. TSPI also works to capitalize on Two Sigma's highly disciplined institutional management capabilities and strengths in data science and technology to help its business partners successfully grow. TSPI has a growing team of over 40 professionals with significant institutional private investment experience that have made investments totaling in excess of $1 billion.
EPIC is a unique and innovative retail property and casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence. EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.
EPIC now has 1,100 team members operating from offices across the U.S., providing Property Casualty, Employee Benefits, Specialty Programs and Private Client solutions to more than 20,000 clients. With run rate revenues of $280 million, EPIC ranks among the top 20 retail insurance brokers in the United States. Backed by The Carlyle Group, the company continues to expand organically and through strategic acquisitions across the country.
About The Carlyle Group
The Carlyle Group is a global alternative asset manager with $158 billion of assets under management across 281 investment vehicles as of December 31, 2016. Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,600 people in 35 offices across six continents.