M&A Deal Summary

Benefitfocus Acquires Tango Health

On November 17, 2021, Benefitfocus acquired internet software and services company Tango Health

Acquisition Highlights
  • This is Benefitfocus’ 1st transaction in the Internet Software and Services sector.
  • This is Benefitfocus’ 3rd transaction in the United States.
  • This is Benefitfocus’ 1st transaction in Texas.

M&A Deal Summary

Date 2021-11-17
Target Tango Health
Sector Internet Software and Services
Buyer(s) Benefitfocus
Deal Type Add-on Acquisition

Target

Tango Health

Austin, Texas, United States
Tango Health is a software and services company offering Affordable Care Act (ACA) compliance and benefits decision-support solutions. Tango Health was founded in 2008 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Benefitfocus

Charleston, South Carolina, United States

Category Company
Founded 2000
Sector Internet Software and Services
Employees1,100
Revenue 263M USD (2021)
DESCRIPTION
Entrance to Benefitfocus' campus in Charleston, South Carolina.
Entrance to Benefitfocus' campus in Charleston, South Carolina.

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.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-10 Benefit Informatics

Jenks, Oklahoma, United States

Benefit Informatics, Inc. enables the efficient planning, management and analysis of employee benefit plans through the delivery of online proprietary applications and services to employers, insurance companies, third party administrators and brokers.

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