About Benefitfocus
Benefitfocus is a company based in Charleston (United States) founded in 2000 was acquired by Voya Financial in November 2022. Benefitfocus has completed 2 acquisitions, including Benefit Informatics and Tango Health. Benefitfocus offers products and services including Benefits Administration, Billing and Payroll, Data and Analytics, and Employee Engagement. Benefitfocus operates in a competitive market with competitors including Hinge Health, Alight, Swile, Practo and Accolade, among others.
- Headquarter Charleston, United States
- Stage Public
- SectorsTechnologyHealthcare
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website benefitfocus.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Voya Financial (Nov 2022)
- Legal Name Benefitfocus, Inc.
- Latest Funding Round$80M (USD), Post-IPO
Jun 2020
- InvestorsVoya Financial
& 2 more
- Investments & AcquisitionsBenefit Informatics
& 1 more
- Acquired byVoya Financial
(Nov 2022)
Products & Services of Benefitfocus
Benefitfocus offers a comprehensive portfolio of products and services, including Benefits Administration, Billing and Payroll, Data and Analytics, and Employee Engagement.
End-to-end platform for managing employee benefits programs efficiently.
Solutions for handling benefits-related billing and payroll processes.
Tools for analyzing health care and benefits data to inform decisions.
Features for employee benefits support via contact center and mobile app.
Apps and channels of Benefitfocus
Benefitfocus publishes 2 mobile apps with over 100K+ downloads; its YouTube channel Benefitfocus has 486 subscribers and 30 videos.
Videos from Benefitfocus
The most watched videos on Benefitfocus's YouTube channel, Benefitfocus (486 subscribers). Click a video to play it here.
More on Benefitfocus.
Funding Insights of Benefitfocus
- Total Rounds 2
- Last Round Post-IPO — $80M
- First Round $74.66M
(Mar 2015)
- Investors Count 2
All 2 funding rounds of Benefitfocus with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2020 | $80M | Post-IPO | – | – | |
| Mar 2015 | $74.66M | Post-IPO | – | – |
3 investors in total: 3 institutional.
Investors in Benefitfocus
Benefitfocus has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Voya Financial, Mercer and BuildGroup.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech focused VC firm investing in the US & Canada | – | buildgroup.com | Austin, United States | |
Consulting and investment services are provided to organizations across sectors. | 1945 | mercer.com | New York, United States | |
Provider of pension fund for the employees based out of the US | 1999 | voya.com | New York, United States |
Investor details for Benefitfocus
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Benefitfocus
658 people are tracked at Benefitfocus (244 in leadership, 12 in board & advisors, 402 in team).
| Name | Role | Group |
|---|---|---|
Matt Levin | CEO | Leadership |
Patrick Tupper | SVP And Head Of Benefitfocus | Leadership |
James Baker | Regional Vice President Of Client Relations | Leadership |
Greg Simonetta | Vice President - Business Development Manager | Leadership |
Nicole Yates | Regional Vice President, Relationship Management | Leadership |
Hillary Stiskin | Avp, Director | Leadership |
David Ash | AVP Financial Analysis Director | Leadership |
Sharby Kennard | Director, EB Customer Experience | Leadership |
Elisa Polci | Director Project Management | Leadership |
Tenzie Wilson | Vice President Of Group Underwriting | Leadership |
Jessica L. Danner | Regional Vice President Sales | Leadership |
Bradley Betlach | Vice President And Chief Counsel - Workplace Solutions | Leadership |
Mark Sides | Svp, Deputy General Counsel — Corporate Law, And Chief Compliance And Ethics Officer | Leadership |
Alisha Phillips | Director, Customer Experience | Leadership |
Matthew C. Donahue | Regional Vice President | Leadership |
Jim Cowsert | Vice President, Enterprise Brand, Advertising And Media | Leadership |
Stephen Evers | Regional Vice President | Leadership |
Megan Kearns | Regional Vice President | Leadership |
Nick Whitcraft | Regional Vice President | Leadership |
Brett Maynard | Director Enterprise Outsourcing | Leadership |
638 more people are available in the full profile.
Complete people profiles for Benefitfocus
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Benefitfocus
Benefitfocus has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Benefit Informatics and Tango Health.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
SaaS software for ACA compliance and benefits optimization is provided. | tangohealth.com | Austin, United States | 2008 | Nov 2021 | •••• | |
Provider of a platform for healthcare data integration, analysis and reporting | benefitinformatics.com | Tulsa, United States | 2000 | Aug 2010 | •••• |
Complete acquisition details for Benefitfocus
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- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Benefitfocus
7 dated milestones of Benefitfocus across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Benefitfocus is founded.
- Acquisition Acquires Benefit Informatics.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $74.7M.
- Funding Latest funding round, Post-IPO, of $80.0M.
- Acquisition Acquires Tango Health.
- Exit Acquired by Voya Financial.
Competitors of Benefitfocus
Benefitfocus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinge Health, Alight, Swile, Practo and Accolade, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| alight.com | 2015 | Lincolnshire, United States | $8.75M | 9,874 | Cloud-based HRMS solutions are offered for enterprise HR management. | |
| vee.digital | 2016 | Sao Paulo, Brazil | – | – | A card-linked wallet is provided for employee financial management. | |
| practo.com | 2008 | Bengaluru, India | $227.88M | – | Doctor appointments are booked and healthcare professionals are consulted online. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | – | Employee health benefits are facilitated via a cloud-based platform. | |
| wexinc.com | 1983 | Portland, United States | – | 6,123 | Employee benefit administration and payment solutions are provided for enterprises. | |
| sharecare.com | 2010 | Atlanta, United States | $64M | 1,988 | Health and wellness social network for employees is provided. | |
| businessolver.com | 1998 | West Des Moines, United States | $65.16M | 1,401 | Cloud-based employee benefits administration solutions are delivered. | |
| spendesk.com | 2016 | Paris, France | $303.82M | – | Provider of prepaid cards for financial benefits of employees | |
| betterfly.com | 2018 | Santiago, Chile | $202.5M | – | Employee health and well-being solutions are delivered through a platform. |
Detailed competitors of Benefitfocus
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Benefitfocus
The website of Benefitfocus (benefitfocus.com) receives about 49.4K visits a month and ranks #759,215 among all websites worldwide, #3,457 in Insurance.
- Monthly visits49.4K
▲ 43.5% vs previous month
- Unique visitors17.5K
per month
- Global rank#759,215
among all websites
- Category rank#3,457
Finance · Insurance
- Bounce rate42%
- Pages per visit2.9
- Average visit2 min 19 sec
- DevicesDesktop 58% · Mobile 42%
Websites whose visitors overlap most with Benefitfocus. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
secure-enroll.com | secure-enroll.com | 100% | – | #119,191 | – |
| aetna.com | 87% | 12.6M | #3,061 | View details | |
| workterra.com | 86% | – | – | View details | |
myplanportal.com | myplanportal.com | 82% | – | #95,574 | – |
| echohealthinc.com | 78% | – | #665,345 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 31 similar websites and full traffic analytics for Benefitfocus
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 31 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Benefitfocus
Complete news archive for Benefitfocus
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Benefitfocus
10 companies that operate in the same segment as Benefitfocus (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | – | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Cloud-based HRMS software is offered for small and medium-sized businesses. | 2016 | Barcelona, Catalonia, Spain | USD 369.25 M | – | – |
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Frequently Asked Questions about Benefitfocus
Benefitfocus was founded in 2000 and raised its 1st funding round 15 years after it was founded.
Benefitfocus is headquartered in Charleston, United States. It is registered at Charleston, South Carolina, United States.
Matt Levin is the current CEO of Benefitfocus.
Cloud-based platform for benefits administration. The companys products for insurance carriers include enrollment that provides online enrollment for various benefits, eBilling, an electronic invoice presentation, a payment solution, and an exchange solution that bridges the communication gap between carrier and employer systems. It provides eSales that give carriers and brokers tools to organize and manage accounts, track leads, generate quotes, and create proposals for various products. Its products for insurance carriers also comprise eDirect which enables carriers to sell policies directly to individuals.
Benefitfocus's top competitors include Accolade, Hinge Health and Alight.
Benefitfocus offers Benefits Administration, Billing and Payroll, Data and Analytics, and Employee Engagement.
Benefitfocus has made 2 acquisitions, including Benefit Informatics, and Tango Health.
Benefitfocus has 3 investors. Key investors include Voya Financial, Mercer, and BuildGroup.
Benefitfocus operates through Benefitfocus, Inc..
Yes. Benefitfocus was acquired by Voya Financial in November 2022.
Yes. Benefitfocus publishes Benefitplace and 1 more app, with over 100,000 downloads.