SysSoft
SysSoft Consultants Limited is a Nigerian software firm that builds and supports IES-CLOUD, a proprietary integrated insurance ERP suite for General, Life, Takaful, and Agricultural Insurance carriers across Africa. The platform is sold via direct enterprise sales to a base of 24 insurance clients, with 3K+ users and 900+ branches deployed.
- Company typePrivate
- Founded1994
- HeadquartersLagos, Nigeria
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What SysSoft does
SysSoft Consultants Limited (Nigeria) is a privately held software engineering company founded in 1994 and headquartered in Lagos. The firm designs, develops, deploys, and supports IES-CLOUD (also referenced as IES-Online), a proprietary integrated insurance enterprise resource planning suite. The platform covers the full insurance operating model — underwriting, claims, reinsurance, coinsurance, financial management, HR, payroll, and agency accounts — through specialized modules for General, Life, Takaful (Shariah-compliant), and Agricultural Insurance, with NIID integrations for Marine and Motor lines. The company also offers complementary software design, IT consulting, and project management services around the platform.
SysSoft goes to market through direct enterprise field sales supported by a 'Request Demo' funnel on its website, targeting insurance carriers across Africa. The customer base comprises 24 named enterprise clients including NAIC, Cornerstone, Anchor, NEM, Noor Takaful, and Veritas Capital, with 3K+ users across 900+ branch networks and deployments in 4 countries. The revenue model is enterprise software licensing with implementation, customization, and ongoing support, yielding recurring subscription revenue. The company is privately held, governed by a 5-member board and managed by 8 technical executive co-investors, with no outside funding rounds disclosed. Key operational signals include 2 completed IFRS17 integrations, NDPR 2019 compliance, and partnerships with Google Cloud, AWS, Paystack, Interswitch, and Remita for infrastructure and payment processing.
SysSoft firmographics
Firmographics- Name
- SysSoft
- Legal name
- Syssoft Consultants Limited
- Website
- https://syssoftcons.net
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SysSoft Consultants Limited is a Nigerian software firm that builds and supports IES-CLOUD, a proprietary integrated insurance ERP suite for General, Life, Takaful, and Agricultural Insurance carriers across Africa. The platform is sold via direct enterprise sales to a base of 24 insurance clients, with 3K+ users and 900+ branches deployed.
- Ownership category
- akta.pro rank
SysSoft industry classification
Industry- Product category
- Insurance ERP Software
- NAICS
- Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Programming Services (7371), Services-Computer Programming, Data Processing, Etc. (7370), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA)
- akta.pro secondary industries
- ERP Implementation & Systems Integration Services (BPAEAGAA), ERP Managed Services & AMS (Application Management) (BPAEAGAB)
Keywords
Where SysSoft is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices1 record
Markets served
SysSoft business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Licensing and ERP Solutions: Syssoft provides IES-CLOUD integrated insurance enterprise suite as a turnkey software solution. The revenue model appears to be enterprise software licensing with implementation services, customization, and ongoing support.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
SysSoft product offering
Product offeringCore offering
Syssoft Consultants develops and licenses IES-CLOUD (also branded IES-Online), an integrated insurance enterprise suite (ERP) for the African insurance market. The platform covers underwriting, claims, reinsurance, coinsurance, financial management, HR, payroll, and agency accounts across dedicated modules for General, Life, Takaful (Shariah-compliant), and Agricultural Insurance. The company also delivers implementation, customization, project management, and IT consultancy services around the product.
Product overview
Syssoft Consultants offers IES-CLOUD (also referred to as IES-Online), an integrated insurance enterprise suite designed as an ERP for General, Life, Takaful, and Agricultural Insurance. The platform consists of multiple interconnected modules: IES-Online General Business (covering underwriting, claims, reinsurance, coinsurance, and NIID integrations for Marine and Motor), IES-Online Life Business (covering individual/group life, annuities, pensions), Takaful Insurance, and Agriculture Insurance. Supporting modules include Accounting (accounts, investments, financial), HR and Payroll Management. The company also provides Software Design and Development, Project Management and IT Consultancy, and Turnkey Software Solutions as complementary professional services. All components are designed to work together as a unified insurance management ecosystem.
Differentiator
Problem solved
Functional benefit
Brands
- IES-CLOUD: Integrated Insurance Enterprise Suite - An ERP solution designed for insurance business operations covering General, Life, Takaful and Agricultural Insurance.
- IES-Online
Products and services
- IES-CLOUD (IES-Online) Integrated Insurance Enterprise Suite Proprietary insurance ERP covering underwriting, claims, reinsurance, coinsurance, financial management, HR, payroll, and agency accounts, with dedicated modules for General Business, Life Business, Takaful (Shariah-compliant), and Agricultural Insurance, plus NIID integrations for Marine and Motor. Built for African insurance carriers (Nigeria and West Africa) and supported with 24/7 dedicated expert support.
- Turnkey Software Solutions (ERP Deployment) Ready-to-use ERP delivery service covering deployment, customization, and integration of Syssoft's insurance software for new clients, designed to be operational from Day one.
- Software Design and Development Services Custom software design and development services delivering personalized, reliable, and powerful software solutions to insurance clients.
- Project Management and IT Consultancy IT consultancy and project management services applying industry best practices to insurance software projects, including methodology management and on-time delivery.
Quantifiable outcome
- Fastest implementation - 4 months for full functionality
- +1 more outcomes
Companies that use SysSoft
Customer profileNamed customers16 records
Segments4 records
Ideal customer profiles1 record
SysSoft technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
SysSoft partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered supporting.
- Google CloudsupportingTechnology partnership for cloud infrastructure supporting IES-CLOUD deployment and operations.
- Amazon Web Services (AWS)supportingCloud infrastructure partner for hosting and scaling IES-CLOUD insurance solutions.
- PaystacksupportingPayment processing integration for insurance premium collections and claims disbursements.
- InterswitchsupportingNigerian payment switching and fintech integration for insurance transaction processing.
- RemitasupportingPayment and financial technology platform integration for Nigerian banking transactions.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
SysSoft competitors and assessment
Company assessmentDirect peers
- Guidewire Software: Global leader in core insurance software (PolicyCenter, ClaimCenter, BillingCenter) for P&C and life insurers. Directly comparable as a vendor of integrated insurance core systems, though focused on tier-1 carriers globally rather than African mid-market.
- Duck Creek Technologies: Cloud-native insurance core system vendor serving P&C and benefits carriers. Comparable to Syssoft as a provider of integrated underwriting, claims, and billing software for the insurance industry, with a stronger modern cloud platform.
- FINEOS: Cloud-native insurance core platform for life, accident, and health insurers covering claims, policy, and billing. Comparable as an integrated insurance software vendor serving group and individual insurance lines.
- Majesco: Insurance software vendor offering core, analytics, and digital platforms for P&C and life & annuity insurers. Comparable product scope (integrated insurance ERP) and similar mid-market carrier focus.
- RGI Group: European-headquartered insurance software provider offering core systems for P&C and life insurers. Comparable as an integrated insurance platform vendor with multi-country deployments and module-based architecture similar to IES.
- Sapiens International: Provider of insurance software solutions for P&C, life, and reinsurance, including core systems and digital engagement. Comparable as a full-suite insurance ERP vendor with global carrier customers.
- Insurity: Insurance software and analytics platform serving P&C carriers with policy administration, claims, and billing. Comparable as an end-to-end insurance core software provider, though primarily focused on the U.S. market.
Emerging players
- Pula: Africa-focused agricultural insurance and technology company providing digital crop and livestock insurance solutions. Comparable to Syssoft's Agricultural Insurance module in addressing African agri-insurance, though as an insurtech rather than a full ERP vendor.
Broad incumbents
- DXC Technology: Global IT services and solutions provider with a dedicated insurance practice offering core systems, modernization, and managed services. Comparable in delivering insurance ERP implementations and ongoing support, but at a vastly larger scale.
- Oracle Insurance (OFSAA / Insurance Revenue Management): Large enterprise software platform with insurance-specific solutions spanning policy administration, finance, and analytics. Overlaps with Syssoft's IES financial and HR modules but as part of a much broader enterprise stack.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SysSoft social profiles
Digital presenceSysSoft compliance and trust
Trust signalCompliance1 record
SysSoft financial estimates
Financial estimateRevenue estimate
Valuation estimate
SysSoft leadership team
Management profileNumber of profiles
Profiles7 records
SysSoft funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SysSoft M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SysSoft
What does SysSoft do?
Syssoft Consultants develops and licenses IES-CLOUD (also branded IES-Online), an integrated insurance enterprise suite (ERP) for the African insurance market. The platform covers underwriting, claims, reinsurance, coinsurance, financial management, HR, payroll, and agency accounts across dedicated modules for General, Life, Takaful (Shariah-compliant), and Agricultural Insurance. The company also delivers implementation, customization, project management, and IT consultancy services around the product.
Is SysSoft a public or private company?
SysSoft is a private company. It is classified as management employee owned and is currently operating.
When was SysSoft founded?
SysSoft was founded in 1994. It employs 11 to 50 people.
Where is SysSoft based?
SysSoft is headquartered in Lagos, Nigeria, in the Africa region.
How does SysSoft make money?
One revenue line is on record: software Licensing and ERP Solutions.
Who are SysSoft's main competitors?
Direct peers on record are Guidewire Software, Duck Creek Technologies, FINEOS, Majesco, RGI Group, Sapiens International and Insurity. Pula is listed as an emerging player. Broad incumbents are DXC Technology and Oracle Insurance (OFSAA / Insurance Revenue Management).
Does SysSoft have an API?
No public API is recorded for SysSoft.
What industry is SysSoft in?
SysSoft's product category is Insurance ERP Software. Its primary akta.pro industry code is HDAEAEAA, Core ERP Suites (Financials, Procurement, Projects), with a secondary code of BPAEAGAA, ERP Implementation & Systems Integration Services. Its NAICS code is 541511 and its SIC code is 7371.