ACTA Profile
Actua Corporation (ACTA) is a publicly traded investment firm that focuses on building and growing technology-enabled businesses. The company is based in Radnor, Pennsylvania and was founded in 1996 as ICG Group, before changing its name to Actua Corporation in 2014.
Actua invests in and operates a diverse portfolio of companies in a range of industries, including healthcare, financial services, and energy. The company's investment strategy is focused on acquiring and growing businesses with strong technology platforms, and helping these companies expand their reach and scale through strategic partnerships, acquisitions, and other growth initiatives.
As of September 2021, Actua's portfolio of companies included over 20 different businesses, with a total enterprise value of approximately $1.4 billion. The company's largest holdings include InstaMed, a healthcare payments processing platform, and Bolt Solutions, a provider of insurance distribution software.
Actua is listed on the NASDAQ stock exchange and has a market capitalization of approximately $150 million as of September 2021. The company has faced challenges in recent years, including declining revenues and a significant write-down of the value of its investments in 2018. However, the company has taken steps to refocus its investment strategy and streamline its operations, and may present an opportunity for investors who believe in its long-term growth prospects.
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