What is Management Applied Programming?
Management Applied Programming, Inc., founded in 1964 and based in City of Industry, California, is a long-standing provider of comprehensive data processing and administrative services. The company caters to diverse markets including insurance, pension and benefits administration, database marketing, and flexible employee benefits administration. Its service portfolio encompasses local area network administration, database management, interactive voice response applications, and the administration of complex benefit packages, employer-sponsored pension plans, and life insurance programs. Management Applied Programming also handles the administration of self-insured and insured health plans, HIPAA, and COBRA compliance, alongside claims processing and billing services for retirement and health/welfare plans. Furthermore, the company offers specialized computer and insurance outsourcing services for life insurance, disability income insurance, and annuities, positioning itself as a key operational partner for businesses in these sectors.
How much funding has Management Applied Programming raised?
Management Applied Programming has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
Key Investors in Management Applied Programming
PPP
Public-Private Partnership
What's next for Management Applied Programming?
The recent major strategic investment in Management Applied Programming signals a phase of potential expansion or technological enhancement for the company. Given its extensive history and broad service offering, this capital infusion is likely to be directed towards modernizing its infrastructure, expanding its client base within the insurance and benefits administration sectors, or developing new digital solutions to meet evolving market demands. The company's focus on outsourcing and data processing suggests a strategic move to leverage this financing for increased efficiency and competitive advantage in a data-driven economy.
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