M&A Deal Summary

Selerix Systems Acquires SyncStream

On November 25, 2024, Selerix Systems acquired information technology company SyncStream

Acquisition Highlights
  • This is Selerix Systems’ 1st transaction in the Information Technology sector.
  • This is Selerix Systems’ 1st transaction in the United States.
  • This is Selerix Systems’ 1st transaction in Louisiana.

M&A Deal Summary

Date 2024-11-25
Target SyncStream
Sector Information Technology
Buyer(s) Selerix Systems
Deal Type Add-on Acquisition

Target

SyncStream

Harahan, Louisiana, United States
SyncStream is a technology company that helps employers tackle the complex landscape of ACA reporting. The Company simplifies the complexities of ACA reporting, guiding thousands of businesses toward higher confidence levels and reduced financial risks. SyncStream was founded in 2013 and is based in Harahan, Louisiana.

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Buyer(S) 1

Buyer

Selerix Systems

McKinney, Texas, United States

Category Company
Founded 2002
Sector Software
DESCRIPTION

Selerix Systems provides highly configurable software that facilitates benefits administration (Selerix BenSelect), employee engagement (Selerix Engage), and ACA reporting (Selerix ACA). With an active user base of over 8.3 million client employees, Selerix is trusted by more than 18,000 employer groups to manage the complexities of end-to-end benefits administration. Selerix's software is used by an expansive network of leading brokerage firms and insurance companies and is widely recognized for its scalability, flexibility, and integration capabilities that support the enrollment and administration of over $3 billion in voluntary benefits and over $11 billion in medical, dental and vision benefits annually. Selerix Systems was founded in 2002 and is based in McKinney, Texas.


DEAL STATS #
Overall 1 of 3
Sector: Information Technology M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
State: Louisiana M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2024 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-06 The Benefits eXpert®

Plano, Texas, United States

TBX is an employee benefits technology company that offers an engagement, education, and administrative platform. TBX® combines behavioral science-based educational videos, a data-driven decision support tool, and bilingual English-Spanish capabilities to deliver clarity and accessibility for all. TBX was founded in 2013 and is based in Plano, Texas.

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