Through the past decade, household expenditures on life insurance are down 50%. In this data-driven business, are you built for change?

If you are a Life Insurer, you already know what we are about to tell you.

Your business is changing.

Your market is moving from a mass affluent to a younger and emerging target set of customers. The consumer is more informed with more choices than at any time in history and expects products more precisely tailored to personal need. Portfolio focus rather than range may be the ticket to profitability. Regulators are getting pickier. And now the economy is a potent competitor.

Data is the lifeblood of what you do. Your business data foundation is the fuel to plan, execute and optimize your business. Can you rely on and leverage it through these changes?

Your path forward starts with us.

Our value proposition is simple: Automate everything for speed, flexibility and the lowest TCO on the planet.

  • Business users can see first value in as little as 90 days
  • Rapidly update the data warehouse to match your evolving business
  • Automate to retire expensive data integration tools and processes and super-charge your team

If a more agile business is your objective, your data foundation needs to be Magnitude.

Magnitude can drive:

  • Acquisitions and Operational Efficiencies
    The pace of mergers and divestitures is projected to increase as insurers seek out new markets, operational efficiencies, and tune their portfolios. Updating the data foundation to reflect organization changes, financials, risk or information from acquired systems is critical to capturing the value. Magnitude data warehouses are the fastest on the planet at adapting to change or integrating new sources of data.
  • Differentiating the Customer Experience
    Consumers expect more personalized experiences and products than ever before and the pressure is on to put only the most relevant products in front of them before a competitor does. Knowing which products are owned in households, the relationships between policy holders and channels of distribution, and which products are most likely to be of interest given life stages or changes are all points of differentiation. The Magnitude Dynamic Information Warehouse (DIW) enables a dynamic and 360-degree view of policy holders and their relationships with you. And as new sources of information become available, that view gets richer over time. The benefit? You create a tailored and differentiated relationship to retain and develop your client.
  • Sales and Marketing Analytics
    As insurers adapt to changing market dynamics many are adjusting long standing distribution channels to better reflect consumer buying practices and shave costs to improve margins. Reflecting the changed customer facing relationships for reporting and tracking profitability across channels and products requires fully integrated information. A Magnitude data warehouse is driven by a robust business information model which details information flows across the entire business enabling managers to ask a broader range of questions for more precise measurement and planning.
  • Developing New Products and New Markets
    The same flexibility and depth of the business model-driven data warehouse that enables broader and deeper reporting also simplifies the process of mapping new products to specific channels and customers creating comparative reports across regions. Harmonizing data from disparate sources, rapidly integrating information across geographies and creating holistic reports that provide a global view of products, channels, customers and regions are all automated capabilities within Magnitude DIW.
  • Regulation: SSA Death Master meeting Regulator Demands for Prompt Settlement
    With nearly 80 million names on the Social Security Administration death master and an increasing number of state regulators pressing firms to proactively monitor that list to more effectively initiate claims to survivors, insurers face a data integration and harmonization challenge. Magnitude DIW automates much of the process of harmonizing data on policyholders with the death master to help companies comply with regulatory mandates effectively and with minimal resource.
© Copyright 2017 Magnitude Software, Inc. All rights reserved. Magnitude Software is a registered trademark of Magnitude Software, Inc. in the U.S. and other countries. All other product and company names mentioned herein are used for identification purposes only and may be trademarks/registered trademarks of their respective owners

Chris Ney

Chairman and
Chief Executive Officer

Chris oversees Magnitude Software’s overall corporate vision and strategic direction.

As Chairman and CEO, Chris leads Magnitude Software’s corporate vision and strategic direction, driving the company’s acquisition, integration and growth strategies to extend the company’s global reach. Under his leadership, Magnitude Software has developed an unparalleled customer experience, strengthened its culture of innovation, and greatly increased profitability and shareholder value. In September 2014, Chris successfully secured up to $100 million in capital to further build Magnitude Software through product innovation, organic growth and strategic acquisitions.

Ney was previously Co-Founder and President of Silverback Enterprise Group, where the team completed the strategic acquisition of nine industry-leading enterprise software companies and leveraged their synergies to build two powerful new entities: Magnitude Software and Upland Software. Magnitude Software offers a family of award-winning solutions for enterprise performance management, master data management and data connectivity. Upland Software (Nasdaq: UPLD) went public in late 2014 and is a leading provider of cloud-based enterprise work management software with over 2,000 active enterprise customers and more than 235,000 active users in more than 50 countries.

Prior to co-founding Silverback, Ney was CEO of a series of Trilogy/Versata portfolio software companies. He previously served as Chairman of the Board, CEO and Founder of CoreTrac, a financial services CRM software company. Ney began his career working for investment banking firms Lehman Brothers and UBS.

He holds a Bachelor’s Degree in Economics from Texas A&M University.


Kevin Mischnick

Senior Vice President,
Finance and Accounting

Kevin oversees global financial operations for Magnitude Software.

Bringing more than 25 years of financial experience to Magnitude Software, Kevin is responsible for a number of areas of the business, including Finance, Accounting, Legal and Information Technology.

Kevin’s background includes building and transforming financial teams into high-performing units, implementing systems and processes focused on cost savings and efficiency, and raising nearly $100 million in investor capital. He served as Senior Vice President of Finance for Multimedia Games Inc. and Capstar Broadcasting Corporation. Under his financial leadership, the market values of both companies increased more than tenfold.

Kevin is a certified public accountant and holds a Bachelor of Business Administration in Accounting from Texas Tech University.


Bill Stephens

General Manager, Magnitude Applications

Bill leads the Magnitude Applications business, driving strategic direction, product and service execution, revenue growth and customer engagement across Magnitude’s applications portfolio.

A seasoned IT and consulting executive with a 20-year track record leading teams to drive customer success across diverse industries, Bill previously served as BIAS’ Vice President of Services overseeing the successful delivery of solutions across the Public Sector and Commercial markets. Prior to BIAS, Bill served for over a decade at Oracle Corporation as an applications consultant, project manager, senior operations director, and consulting executive.

He developed the foundation of his leadership skills while serving as a Cavalry Scout in the Kentucky Army National Guard.

Bill holds a Bachelor of Science in Finance from the University of Louisville.


Tony Fisher

General Manager, Magnitude Integration

Tony leads the Magnitude Integration business, driving strategy, revenue, product and operations as well as leveraging and integrating our Simba- and Innowera- based technologies for new Magnitude solutions.

An accomplished data management and big data marketplace leader, Tony previously served as the SVP, Business Development & Strategy at Zaloni, an award-winning enterprise data lakes management provider; prior to that role, he was Vice President, Data Collaboration & Integration at Progress Software, where he led the business line’s strategic direction and operations.

Prior to Progress, Tony was the CEO of Dataflux Corporation. He also served as Director of data warehouse technology at SAS. A key technology leader at SAS, Tony provided the engineering research and development direction that helped make SAS the market leader in data warehouse software sales.

Tony earned a Degree in Computer Science and Mathematics from Duke University.


Darren Peirce

Chief Technology Officer

Darren spearheads the development, execution and management of strategic opportunities and key customer accounts across our portfolio.

As Magnitude’s technology guru and evangelist, Darren is critical to building on our position as a leading provider of software and services that help organizations tackle the challenges and opportunities inherent in digital information management.

Previously, Darren served as CTO and Group Vice President of Product Management at Kalido; prior to that role, he was the Lead Solutions Architect and Manager of Professional Services in the United Kingdom. He also worked in senior consulting positions for companies such as Royal Dutch Shell and British Telecom.

Darren received a degree in Management from Intec College in Cape Town, ,South Africa, and studied Economics at the University of Stellenbosch.


Mihir Shah

Executive Vice President,
Corporate Development and Strategy

Mihir is responsible for Magnitude Software’s acquisition and organic strategy.

Mihir has over a decade of experience leading acquisitions and strategy. During this period, he led several public and private company acquisitions, divestitures, and minority and majority equity investments.

Previously, Mihir was M&A Executive for IBM’s Information Management Software division, executing IBM’s inorganic strategy through M&A and strategic partnerships. He also served as Operating Executive for private equity firm, Golden Gate Capital, and as Vice President for Corporate Development at Aspect Software.

Mihir holds an MBA from the University of Chicago Booth School of Business and Master of Science from Worcester Polytechnic Institute.


Karen McPhillips

Vice President,

The mind that opens to a new idea never returns to its original state

Karen McPhillips drives marketing strategy and operational execution to grow the company profile, revenue and market position.

Leveraging 20+ years of transformational marketing experience, Karen fuels Magnitude’s corporate and existing portfolio marketing, collaborating to maximize the company’s business strategy while also supporting integration of acquired products and services.

Karen has served on leadership teams of public and private companies of all sizes, transforming marketing functions and generating both tangible and intangible value. Most recently at PlumChoice, she and her team repositioned the brand and metamorphosed the marketing function in support of the company’s pivot from IT support provider to leader in the cloud services and Internet of Things spaces. At Iron Mountain and its technology arm, Iron Mountain Digital, she created new marketing functions, introduced the marketing operations discipline, and spearheaded a closed-loop leads-to-revenue framework coupled with a brand-to-demand communication platform that raised the bar on marketing’s revenue influence. Prior to Iron Mountain, Karen held marketing leadership roles with SaaS back-up leader, Connected Corporation (acquired by Iron Mountain), and SilverStream Software, contributing to the company’s IPO and acquisition by Novell.

Karen earned a Bachelor’s degree in Journalism from St. Michael’s College in Vermont.