Open GI secures sales of £61.7m in latest financial year

Software house Open GI increased its sales by 5.1% to £61.7m in the year to 31 May 2024.

In a trading update published yesterday (27 February 2025), the firm also revealed that its adjusted earnings before interest, taxes, depreciation and amortisation (ebitda) grew by 3.6% to £29.1m.

During the year, Open GI also added nine brokers and MGAs to its policy administration systems. It also brought 50 new insurer and third-party products to market.

Simon Badley, chief executive, said: “We are pleased with the progress we report today.

“Our growth is down to taking a partnership approach with our customers, investing in the technology and products that will help them to write more and better business.”

Digital offerings

The growth came after Open GI invested a total of £9.1m in developing its digital offerings during its latest financial period.

For example, it bought HugHub’s digital platform, with the technology now integrated to allow brokers to use low-code portals and increase self-management capabilities.

It went on to roll out virtual assistant and a partnership with conversational artificial intelligence (AI) specialists OpenDialog.

Badley said: “The unique configurability of our solutions really allows our partners to bring their own bespoke approaches to the market. More and more, we are known as the standout solution for providers that want far more than an off the shelf package.

“We look forward to continuing to innovate to support brokers and partners to drive both revenue and efficiency, bringing more insurance solutions to a broader range of customers.”