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  6. Evolution Benefits Acquires Lighthouse1

M&A Deal Summary

Evolution Benefits Acquires Lighthouse1

On July 11, 2011, Evolution Benefits acquired information technology company Lighthouse1

Acquisition Highlights
  • This is Evolution Benefits’ 1st transaction in the Information Technology sector.
  • This is Evolution Benefits’ 1st transaction in the United States.
  • This is Evolution Benefits’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2011-07-11
Target Lighthouse1
Sector Information Technology
Buyer(s) Evolution Benefits
Deal Type Merger

Target

Lighthouse1

Minneapolis, Minnesota, United States
Lighthouse1, LLC is a web-based healthcare solution that manages HSAs, HRAs, FSAs, and Transit Plans. It is the only solution available today that meets more than 1,100 unique benefit plan designs, simplifies the user experience, and satisfies workflow management needs of administration partners, employers, and consumers.

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Buyer(S) 1

Buyer

Evolution Benefits

Avon, Connecticut, United States
Category Company
Founded 2001
Sector Financial Services
DESCRIPTION

Evolution Benefits is an electronic payment solutions for the employee benefits market since 2001. Its principal products are the Benny benefits debit card and the PayDirect software suite.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1
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