Formed in July 2000 by three organisations, the Broker Network, Sysao plc, and Capricorn Ventures International. Redbox Systems Ltd's purpose is to provide insurance solutions for risk carriers using the Internet. Redbox's first commercial service is CoverMaker.net. Through these founders Redbox has a competitive advantage enabling it to not only work closely with its customers to meet their needs but through Sysao and in particular its e-Commerce division Goldhive, provide Redbox with a superior delivery capability.

The Broker Network Limited (BNL) was created as an umbrella organisation for insurance intermediaries, providing many of the facilities they require from one central source. Today it has a membership of 80 brokers with an annual GWP in excess of £100m. In 2000 it opened an underwriting room that currently houses AXA Insurance, Avon, Cornhill and Hiscox. BNL is committed to getting their member brokers on-line with CoverMaker.

Sysao plc is the premier provider of integrated business and e-Business solutions based on Oracle technology and applications, and is the UK's largest independent value-added Oracle reseller. Over the last four years Sysao has successfully implemented over 100 major projects.

Goldhive, Sysao's e-Commerce division, built the first release of the CoverMaker application.

Capricorn is an international investment holding company specialising in insurance and related businesses. The team from Capricorn provide their experience and expertise in managing insurance investments and have provided the seed capital to build the application.