Tim Wallace is a serial entrepreneur. He is the CEO of iPipeline and has more than 30 years of experience in the software, service, and consulting industry. iPipeline, Inc. is the leader in the delivery of SaaS solutions to the insurance industry. To date, Tim has secured more than $100 million in funding for iPipeline, the most recent being a $72-million recap lead by Technology Crossover Ventures. iPipeline has grown at more than a 50 percent CAGR over the past four years, acquired three companies, and is by far the market leader in the delivery of SaaS solutions to the insurance industry.
Tim previously served as interim president and COO of MEDecision, Inc., a public software company. He participated in selling MEDecision to HCSC for $125 million. Before MEDecision, Tim was the CEO and chairman of FullTilt Solutions, Inc. FullTilt had raised $22 million in venture capital and was recognized by Forrester and Gartner Research as the leading enterprise product information management software in the marketplace. Tim was a three-time finalist for Ernst & Young Technology CEO of the Year and won the award in 2011.
Before joining FullTilt in 2000, Tim served as CEO of systems integrator XeroxConnect and as the president and CEO for XLConnect Solutions, Inc., a company he founded. Tim and other members of the management team took the company public in October 1996. Xerox acquired XLConnect in June of 1998 for approximately $420 million. The company increased in scale from one location and 40 employees to 26 locations and 1,500 employees in six years.
Tim formerly was a partner in the Waldec Group, a system integration company that has made the Inc. 500 list twice. He started his career with Arthur Andersen & Company, where he was managing director and a founding member of the Business Consulting Practice.
Tim received a Master of Business Administration from Miami University and a Bachelor of Science Degree in 1979 from Indiana University of Pennsylvania. He is a member of the American Institute of Certified Public Accountants and has served on the following boards: NitroSecurites (sold to Intel), FullTilt Solutions, Inc. (sold to Ciber and QAD), Serviceware, Inc.* (sold to Knova), Knova, Inc.* (sold to Consona), MEDecision, Inc.* (sold to HSCS), Migo Software, Inc., XLConnect*, Snickelways, and the Waldec Group.