The new staff, which will bring the company’s full-time workforce to 240, will focus on developing and accelerating Bold Penguin’s services, which are targeted at businesses seeking insurance.
Ohio’s Tax Credit Authority approved tax credits worth up to $2.1 million – depending on how many jobs are added – for the expansion Monday morning.
“For a fast-growing technology company like Bold Penguin, Columbus provides both top talent as well as a forward-thinking innovation ecosystem to support our long-term growth strategy,” Bold Penguin CFO Dan Gifford said in a news release.
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Founded in 2016, Bold Penguin operates an insurance exchange service designed to allow companies to more easily find insurance tailored to their needs. Last year, the Bold Penguin Exchange produced more than 1 million insurance quotes, according to the company.
In January, the company was acquired by American Family Insurance in Wisconsin for an undisclosed amount.
Source: The Columbus Dispatch
