CCC Intelligent Solutions Holdings Inc. Overview at Citi's 2025 Global Technology, Media and Telecommunications Conference

CCC Intelligent Solutions Holdings Inc. (CCCS) presented at Citi's 2025 Global Technology, Media and Telecommunications Conference. The company's CFO, Brian Herb, discussed CCC's business as a SaaS platform serving the insurance economy, focusing on auto claims and connecting insurance companies, body shops, and part suppliers. CCC recently acquired EvolutionIQ, expanding into workers' comp and disability claims processing.

CCC Intelligent Solutions Holdings Inc. (CCCS), a SaaS platform serving the insurance economy, presented at Citi's 2025 Global Technology, Media and Telecommunications Conference. The company's CFO, Brian Herb, discussed CCC's business model, which focuses on auto claims and connects insurance companies, body shops, and part suppliers. CCC recently expanded its offerings with the acquisition of EvolutionIQ, which allows the company to process workers' comp and disability claims.

Herb highlighted the company's $1 billion run rate revenue and margins in the 40s, noting that the software is highly sticky, with a gross dollar retention rate of around 99%. He also discussed the company's acquisition of EvolutionIQ, a company that uses AI to help insurers process disability and workers' comp claims. The acquisition expands CCC's capabilities and opens up new cross-selling opportunities within the company's existing client base.

The presentation also touched on the challenges faced by CCC's clients, including the rise in complexity, workforce shifts, and inflationary cost pressures. Herb noted that CCC's software helps address these challenges by improving operational efficiency and reducing cost pressures.

The company also discussed the impact of delayed deal timings on revenue recognition, noting that some deals closed at the end of last year had longer implementation times, which shifted the revenue recognition timeline. However, Herb emphasized that the company remains confident in the strategic fit and the opportunity presented by the acquisition.

Overall, CCC Intelligent Solutions Holdings Inc. presented a strong business model and growth prospects at Citi's 2025 Global Technology, Media and Telecommunications Conference.

References:
[1] https://seekingalpha.com/article/4819432-ccc-intelligent-solutions-holdings-inc-cccs-presents-at-citis-2025-global-technology-media