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Benefitfocus logo — A Voya company

Benefitfocus

A Voya company

Founded 2000 United States Charleston, United States 924 employees Acquired Total: $995.48M Cloud Infrastructure, Health Care +2

General Information

Company Name Benefitfocus
Founded Year 2000
Location United States Charleston, United States +1
Employees 924
Industries Cloud Infrastructure, Health Care, Insurance +1
Funding Stage Acquired
Social

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About Benefitfocus

Benefitfocus, now a part of Voya Financial, is leveraging its two-decade expertise since its founding in 2000 in the realms of Cloud Infrastructure, Health Care, Insurance, and Human Resources. The company is headquartered in the United States and stands by its mission to enhance life quality through efficient benefits management.

Benefitfocus offers cutting-edge benefits administration technology alongside outstanding customer service to simplify the complexity of benefits systems. Their platforms aim to provide an engaging user experience that drives improved health outcomes.

The company caught the attention of Voya Financial, who made a significant $570.00M acquisition investment in Benefitfocus on 01 November 2022. This acquisition highlights the strategic value and growth potential seen in Benefitfocus's technology and services.

Taxonomy: Benefits Management, Cloud-based Platform, Health Care Administration, Benefits Administration Technology, Employee Engagement, Benefits Enrollment, Benefits Management Platform, Innovative Technology, Consumer Benefits Management, Benefits Integration, Engagement Solutions, Health Outcomes Improvement, Employee Education

Services & Products

Benefits Program Management
Billing & Payroll Solutions
Data Analytics Services
Employee Engagement Tools
Compliance Solutions

Target Customers

Employers Health Plans Brokers & Consultants Employees

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Acquisition •••••• 1 •••• •••• 01 Nov 2022
Post Ipo Debt •••••• - 01 Aug 2022
Post Ipo Convertible •••••• 1
Investor
01 May 2020
Post Ipo Equity •••••• - 01 Mar 2015
IPO •••••• - 01 Sep 2013

View All 6 Funding Rounds

Benefitfocus Alternatives & Competitors

Benefitfocus vs
PES Benefits
PES Benefits United States

Employee Benefits Technology, Administration Education & Virtual Care Solutions

106 employees
Digital Health, Education
Benefitfocus vs
Alight Solutions
Alight Solutions United States

Alight Inc. (NYSE: ALIT) is a leading cloud-based human capital technology and services provider

Post Ipo Secondary
10578 employees
Finance, Human Resources
Compare Benefitfocus vs Alight Solutions
Benefitfocus vs
PeopleKeep
PeopleKeep United States

PeopleKeep helps organizations offer hassle-free health benefits their employees love, like HRAs.

Series Unknown
27 employees
Health Care, Human Resources
Compare Benefitfocus vs PeopleKeep
Also compare with: Benefitfocus vs Keas Keas

FAQ About Benefitfocus

A Voya company
Benefitfocus was founded in 2000.
Benefitfocus is headquartered in Charleston, United States.
Benefitfocus operates in the following industries: Cloud Infrastructure, Health Care, Insurance, Human Resources.
Benefitfocus has approximately 924 employees.
Benefitfocus has completed 6 funding rounds, raising a total of $995.48M. The latest funding stage is Acquired.
Benefitfocus offers: Benefits Program Management, Billing & Payroll Solutions, Data Analytics Services, Employee Engagement Tools, Compliance Solutions.
Top alternatives and competitors to Benefitfocus include PES Benefits, Alight Solutions, PeopleKeep, Keas, WageWorks. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Benefitfocus and PES Benefits are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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