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February 07, 2016 11:57 PM ET

Health Care Technology

Company Overview of Connecture, Inc.

Company Overview

Connecture, Inc., together with its subsidiaries, operates as a Web-based consumer shopping, enrollment, and retention platform for health insurance distribution. It serves health insurance marketplace operators, such as health plans, brokers, and exchange operators. The company was formerly known as SimplyHealth.com, Inc. and changed its name to Connecture, Inc. in 2002. Connecture, Inc. was founded in 1999 and is headquartered in Brookfield, Wisconsin.

18500 West Corporate Drive

Suite 250

Brookfield, WI 53045

United States

Founded in 1999

427 Employees

Phone:

262-432-8282

Fax:

262-432-0075

Key Executives for Connecture, Inc.

President, Chief Product Officer and Director
Age: 59
Total Annual Compensation: $1.6M
Chief Financial Officer and Corporate Secretary
Age: 42
Total Annual Compensation: $568.4K
Senior Vice President and General Manager of Insureadvantage
Age: 60
Total Annual Compensation: $531.0K
Compensation as of Fiscal Year 2014.

Connecture, Inc. Key Developments

Connecture Seeks Acquisition

Connecture, Inc. (NasdaqGM:CNXR) is seeking acquisitions. Connecture intend to use proceeds from $50 million of shelf registrations for working capital and other general corporate purposes, including to develop new technologies, fund capital expenditures, make investments in or acquisitions of other businesses, solutions or technologies or repay a portion of our outstanding borrowings.

Connecture, Inc. and DestinationRx, Inc. Enters into Amendment to Credit Agreement

On December 31, 2015, Connecture, Inc. and its wholly-owned subsidiary, DestinationRx, Inc., entered into an Amendment No. 11 to Credit Agreement with Wells Fargo Bank, National Association, as administrative agent for the lenders named therein, and an Amendment No. 9 to Second Lien Term Loan Agreement with THL Corporate Finance, Inc., as administrative agent for the lenders named therein. The Credit Facility Amendment and the THL Note Amendment amended the Company's Credit Agreement, dated January 15, 2013, as amended, and the company's Second Lien Term Loan Agreement, dated March 18, 2013, as amended, to establish the quarterly building EBITDA covenant, as defined in the respective agreements, for each of the quarters in the year ending December 31, 2016, establish the minimum liquidity covenant, as defined in the respective agreements, for each of the quarters in the year ending December 31, 2016, amend the definition of EBITDA, as defined in the respective agreements, to permit excluding up to $300,000 of one-time non-recurring costs and expenses incurred in connection with the hiring of the Company's Chief Executive Officer, and reduce the quarterly building EBITDA covenant, defined in the respective agreements, for the quarter ended December 31, 2015 to $8.5 million and $7.7 million, respectively. The Credit Facility Amendment and the THL Note Amendment are filed as Exhibits 10.1 and 10.2, respectively, to this current report on Form 8-K and are incorporated herein by reference. The foregoing descriptions of the Credit Facility Amendment and the THL Note Amendment are a summary and are qualified in their entirety by the respective terms of the THL Note Amendment and the Credit Facility Amendment.

Connecture, Inc. Presents at JPMorgan 34th Annual Healthcare Conference, Jan-14-2016 07:30 AM

Connecture, Inc. Presents at JPMorgan 34th Annual Healthcare Conference, Jan-14-2016 07:30 AM. Venue: Westin St. Francis Hotel, 335 Powell Street, San Francisco, California, United States. Speakers: James P. Purko, Chief Financial Officer and Corporate Secretary, Jeffrey A. Surges, Chief Executive Officer.

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