Benefitfocus - M&A Summary, Ownership, and Business Overview

Internet Software And ServicesCompany

Benefitfocus M&A Summary

Benefitfocus has acquired 3 companies of its own, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms.

Benefitfocus has acquired in 3 different US states. The Company’s most targeted sectors include software (34%) and information services (34%).

Benefitfocus Ownership

Who owns Benefitfocus?

Benefitfocus is owned by Voya Financial. It was acquired on November 1, 2022.

Was Benefitfocus formerly PE-backed?

Yes. Benefitfocus was formerly owned by 1 private investor.

Benefitfocus Business Overview

Where is Benefitfocus headquartered?

Benefitfocus is headquartered in Charleston, South Carolina.

What is Benefitfocus’ revenue?

Benefitfocus disclosed revenue of 263M USD for 2021 and 268M USD for 2020.

How many employees does Benefitfocus have?

Benefitfocus has 1,100 employees.

What sector is Benefitfocus in?

Benefitfocus is an internet software and services company.

When was Benefitfocus founded?

Benefitfocus was founded in 2000.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Benefitfocus

Benefitfocus, Inc.

100 Benefitfocus Way,
Charleston, South Carolina 29492
United States,
(843) 849-7476
www.benefitfocus.com

Benefitfocus is a provider of cloud-based benefits management software for consumers, employers, insurance carriers and brokers. Benefitfocus was formed in 2000 and is based in Charleston, South Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - 1 - - - 3
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Tango Health, Inc. 2021-11-17 - Add-on Acquisition
Austin, Texas · www.tangohealth.com
Benefit Informatics, Inc. 2010-08-10 - Add-on Acquisition
Jenks, Oklahoma · www.benefitinformatics.com
BeliefNetworks, Inc. 2010-06-17 - Add-on Acquisition
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Services 1 (33%) - - -
Internet Software and Services 1 (33%) - - -
Software 1 (33%) - - -
Total 3 - - -

By Geo

State/Country Buy Value Sell Value
United States 3 - - -
  Texas 1 - - -
  Oklahoma 1 - - -
Total 3 - - -

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)

Company Summary

SECTOR

Internet Software and Services

Revenue

263   2% 2021
268   10% 2020
296   15% 2019
259   1% 2018
257   11% 2017
233   26% 2016
185   36% 2015
137   32% 2014
104   29% 2013
81   2012
(millions of USD) Show More Show Less

Employees

1,100

Established

2000

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