You are here

How LearnVest is transforming the financial services giant that acquired it

In May 2015, Milwaukee financial services giant Northwestern Mutualacquired LearnVest for $250 million.

One product of that new relationship?

LearnVest is driving Northwestern Mutual to look at themselves as a software company in order to keep up with the changing landscape and global economy, said Azret Deljanin, director of IT and infrastructure at the New York City financial planning tech company.

Considering Northwestern Mutual has been in business for about 150 years longer than LearnVest, this seems to encapsulate the word “disruptive,” which, yes, is often a cliche in the startup world. We’ve heard similar things from legacy companies, like Comcast, trying to adapt to today’s age: “If today, we’re a networking and hardware company, in five to 10 years, we want to become a media and technology company with software at the heart of it,” Comcast’s CTO Sree Kotay said Chief Network Officer John Schanz told him back in 2007.

Read Complete Article