Liberty Mutual Begins Selling Software to Fortune 500 Companies
NEC member Liberty Mutual Group has begun selling internally developed organizational software to Fortune 500 companies.
A few years ago, Brett Caldron and others on Liberty Mutual’s technology team developed a workplace assistant to help employees organize their days more concisely on one app. After a successful release within the organization, the tech team proposed the software to leadership as a subsidiary, Workgrid Software LLC. This isn’t the first time the insurance company has ventured into the tech sphere – about a tenth of Liberty Mutual’s 50,000 employees are technology specialists. Workgrid’s 15 employees in Dover, NH, are already working on new products to help Fortune 500 companies and midsized firms effectively handle real estate and legal needs.
“It was a lot like ‘Shark Tank,’ pitching that internally to our leadership,” Caldron said about the idea of launching a subsidiary. “We figured, we’re solving these issues internally, we’re pretty sure other people are trying to solve them, too. It’s millions of dollars a year for a company like ours in time savings.”
The New England Council congratulates Liberty Mutual on their success and wishes them luck in their new endeavor. Read more in the Boston Business Journal.