Principal Financial Group

Principal Financial Group is a global investment management firm based in Des Moines, Iowa, founded in 1879. The company specializes in providing a wide array of financial products and services, including retirement savings, investment management, and insurance solutions tailored for businesses, individuals, and institutional clients. Principal Financial Group leverages local insights and global perspectives to identify investment opportunities and optimize results for its clients. As a registered investment adviser, the firm is committed to delivering comprehensive retirement services and asset management, supported by a skilled executive management team overseeing its operations.

Kara Hoogensen

TitleVice President - US Insurance Solutions: Group Benefits

9 past transactions

Ascensus - ESOP Business

Acquisition in 2024
Ascensus - ESOP Business is a qualified retirement plan with corporate finance and aligns employees’ retirement benefits with a plan sponsor’s business goals.

EvolutionIQ

Series B in 2023
EvolutionIQ is a company focused on transforming the insurance industry through its artificial intelligence-driven claims guidance platform. The platform is designed specifically for disability and general liability carriers, enhancing claims processing efficiency and productivity tracking. By reducing reserves and losses, cycle times, and adverse events, it helps lower operational expenses while boosting customer satisfaction. Additionally, EvolutionIQ's technology includes a fraud detection dashboard that identifies fraud trends, making the insurance process more fair, transparent, and affordable for clients. With its innovative approach, the company aims to significantly improve the overall claims management experience for insurance carriers.
Wells Fargo & Company - Institutional Retirement & Trust business offer comprehensive services for 401(k) and other retirement plans that include a wide range of investment options, participant communication, and fiduciary support.

Limelight Health

Series C in 2019
Limelight Health, Inc. specializes in developing a cloud-based platform designed to streamline quoting, underwriting, and proposal processes within the employee benefits sector. The platform supports health insurance carriers, general agents, and brokers by automating manual workflows, enhancing sales efficiency, and facilitating plan distribution. It offers a suite of configurable microservices, including quoting, rating, proposal generation, renewals, and data analysis, which enable users to manage their operations more effectively. Additionally, the platform features an integrated API to ensure seamless connectivity with various industry systems, allowing for comprehensive integration across different functions. Founded in 2014 and headquartered in San Francisco, California, Limelight Health operates additional offices in Redding, California, and Des Moines, Iowa, and is a subsidiary of FINEOS Corporation Holdings plc.

RobustWealth

Acquisition in 2018
RobustWealth is a fast-growing financial technology company. They pride ourselves on their tight knit team and help provide investment advisors and community banks with a full technology stack, investment services and business automation. They are Headquartered in Lambertville, NJ with offices in Denver, CO and Woodside CA.

Cuprum AFP

Acquisition in 2013
Cuprum AFP with more than 34 years in the pension system, where we are renowned for delivering service and consulting excellence.

Palisade Systems

Venture Round in 2009
Palisade Systems, Inc. provides enterprise content security and data protection solutions. Its products include PacketSure, a network appliance that protects private data and controls network traffic; PacketGuard, an appliance protects various machines from unauthorized access; PacketDecoy, a device that intercepts hackers, gathers information about the intruders, and alerts about the unauthorized access; and ScreenDoor, which monitors and blocks Internet access. The company's products secure intellectual property and private client information from leaking outside the network; define and enforce access to internal network resources; and enforce compliance with federal privacy and industry security regulations. It also offers appliance installation assistance, and training services. The company serves clients in healthcare, financial services, and insurance industries, as well as universities and school districts in North America and Europe. It was formerly known as MidAmerica Networking, Inc. Palisade Systems, Inc. was founded in 1996 in Ames, Iowa and is now headquartered in Des Moines, Iowa.

Palisade Systems

Series E in 2005
Palisade Systems, Inc. provides enterprise content security and data protection solutions. Its products include PacketSure, a network appliance that protects private data and controls network traffic; PacketGuard, an appliance protects various machines from unauthorized access; PacketDecoy, a device that intercepts hackers, gathers information about the intruders, and alerts about the unauthorized access; and ScreenDoor, which monitors and blocks Internet access. The company's products secure intellectual property and private client information from leaking outside the network; define and enforce access to internal network resources; and enforce compliance with federal privacy and industry security regulations. It also offers appliance installation assistance, and training services. The company serves clients in healthcare, financial services, and insurance industries, as well as universities and school districts in North America and Europe. It was formerly known as MidAmerica Networking, Inc. Palisade Systems, Inc. was founded in 1996 in Ames, Iowa and is now headquartered in Des Moines, Iowa.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.