M&A Deal Summary

FINEOS Acquires Limelight Health

On August 11, 2020, FINEOS acquired internet software and services company Limelight Health for 75M USD

Acquisition Highlights
  • This is FINEOS’s 1st transaction in the Internet Software and Services sector.
  • This is FINEOS’s largest (disclosed) transaction.
  • This is FINEOS’s 1st transaction in the United States.
  • This is FINEOS’s 1st transaction in California.

M&A Deal Summary
Date 2020-08-11
Target Limelight Health
Sector Internet Software and Services
Buyer(s) FINEOS
Deal Type Add-on Acquisition
Deal Value 75M USD

Target

Limelight Health

San Francisco, California, United States
Limelight Health is a provider of cloud-based enterprise software solutions delivering the most efficient and compelling quoting & underwriting platform for the employee benefits industry. The company provides process automation and seamless integration between every participant in the employee benefits industry including carriers, underwriters, sales executives, agents, advisors, and their customers. Its innovative platform offers a range of microservices that are highly configurable for business needs including quoting, rating, proposal generation, renewals, automated processing for pre-sales, new business, underwriting, enrollment support, data analysis, reporting, consumer delivery and agent self-service, document management and seamless integration with industry systems and services. Limelight Health was formed in 2014 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

FINEOS

Dublin, Ireland
Category Company
Founded 1993
Sector Software
Employees879
Revenue 125M EUR (2023)
DESCRIPTION

FINEOS is a global software company providing modern customer-centric core software to the life, accident, and health industry. The company helps its customers move on from outdated legacy administration systems to modern customer-centric core product-suite, Fineos AdminSuite for Billing, Claims, Absence, and Policy Administration, enabling improved operational efficiency, increased effectiveness and excellent customer care. Fineos AdminSuite is designed to manage the modern complex structures and relationships of a group and individual insurance processing to optimize plan, coverage and data management, operational processing, and business intelligence (BI). FINEOS was founded in 1993 and is based in Dublin, Ireland.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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