M&A Deal Summary

Bridgeway Benefit Technologies Acquires ISSI

On January 5, 2022, Bridgeway Benefit Technologies acquired software company ISSI from Zenith American Solutions

Acquisition Highlights
  • This is Bridgeway Benefit Technologies’ 1st transaction in the Software sector.
  • This is Bridgeway Benefit Technologies’ 1st transaction in the United States.
  • This is Bridgeway Benefit Technologies’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2022-01-05
Target ISSI
Sector Software
Buyer(s) Bridgeway Benefit Technologies
Sellers(s) Zenith American Solutions
Deal Type Merger

Target

ISSI

Maple Shade, New Jersey, United States
ISSI is a software company that provides computer system software and services for the administration of multi-employer benefit funds. With more than 250 systems installed in North America, and a product suite that covers every facet of multi-employer benefit fund administration, ISSI is a provider of benefit fund administration software to fund offices and third-party administrators in the market. ISSI is based in Maple Shade, New Jersey.

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Buyer(S) 1

Buyer

Bridgeway Benefit Technologies

Baltimore, Maryland, United States
Category Company
Founded 1977
Sector Software
DESCRIPTION

Bridgeway Benefit Technologies is a provider of specialized business administration software for the Taft-Hartley community, providing technology solutions for fund offices, national multiemployer plans, and third-party administrators across the United States and Canada. Bridgeway Benefit Technologies was founded in 1977 and is based in Baltimore, Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Merger) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Zenith American Solutions

Tampa, Florida, United States
Category Company
Founded 1944
Sector Healthcare Services
DESCRIPTION

Zenith American Solutions is an administrator to Taft-Hartley multi-employer funds in the U.S. The company's solutions enable the delivery of complex healthcare and retirement benefits to union members through its dynamic technology-enabled platform. Zenith American Solutions was founded in 1944 and is based in Tampa, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Merger) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-24 Benefits Administration

Baltimore, Maryland, United States

Benefits Administration LLC is a full-service third-party administrator. The company specializes in health, welfare, and retirement administration services to union trust organizations. Benefits Administration was founded in 1979 and is based in Baltimore, Maryland.

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