SOURCE: Censio

Censio

January 19, 2016 09:15 ET

Censio Announces Vance Loiselle as Chief Executive Officer to Drive Growth

Brings Long Track-Record of Success With Startups and Publicly Traded Enterprise Technology Companies

BOSTON, MA--(Marketwired - Jan 19, 2016) - Censio, a technology company that uses innovative software and big data to make driving safer and more affordable, today announced the appointment of Vance Loiselle as Chief Executive Officer. He will have overall responsibility for strategic and corporate development, marketing, sales and operations.

"Vance has deep experience in not only founding and growing start up technology companies, but also in running large scale enterprise businesses," said Scott Griffith, former Chairman and CEO of Zipcar and a co-founder of Censio. "His background, especially with data analytics and Internet of Things, is a perfect fit with Censio's trajectory in 2016 and beyond."

Loiselle has more than 20 years of experience building high-tech companies into market leaders. As co-founder of BladeLogic, he helped lead the company from idea and initial funding to IPO and subsequent $880 million acquisition by BMC Software. Throughout BladeLogic's eight-year trajectory from inception to acquisition, Loiselle held multiple leadership roles in product management, marketing, business development, pre-sales and operations.

After BladeLogic was acquired by BMC Software in 2008, he remained with BMC Software for four years serving in various executive positions, including worldwide vice president of global services, sales operations, field marketing and software consulting. Most recently, Loiselle was president and CEO of Sumo Logic, leading the company from launch through multiple years of hyper growth in employees, customers and revenue. Loiselle holds a Bachelor of Science in Information Systems/Accounting from Babson College.

Censio offers a turnkey Usage Based Insurance (UBI) platform to enable insurance providers to attract and retain the millions of low risk, high value drivers on the roads. Its solution includes a downloadable mobile app that captures and helps improve driver behavior; a big data platform that provides clean, comprehensive driving activity, driver scores and analytics; and a management and analytics dashboard that allows an insurance company to manage and improve customer relationships through its UBI program.

"It's an exciting time to be joining Censio given its incredible team, the Progressive win, blue chip customers and solid backing from great investors," said Loiselle. "Throughout my career I've seen the power of data analytics, but Censio's innovative platform and ability to turn big data from smartphones into driving insights is unprecedented, and will make a huge impact on the safety and health of millions of people. That's truly powerful."

Censio was founded on the notion that technology can help people become better drivers and to help insurance companies understand and manage new risks that come with the increased use of technology while driving. Censio offers its solution to insurance companies seeking to reduce costs, develop new insurance products and/or improve their risk assessment capabilities. By distinguishing between safe and risky drivers and rewarding safe drivers with discounts on their premiums, insurance companies reduce claims costs, attract new and retain existing customers. In 2015, Censio was selected by Progressive Insurance to power its UBI program.

About Censio
Censio uses big data to make driving safer and more affordable. Headquartered in Boston, Mass., its technology platform enables insurance companies to distinguish between safe and risky drivers, reward safe drivers with discounts on their insurance and revolutionize the industry by enabling pricing based on actual driving behavior. Censio delivers its Software as a Service (SaaS) solution through leading insurers, saving lives and making roads safer for millions of users around the world. More information is available at www.cens.io.

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