About Businessolver
Businessolver is a Financial Services company based in West Des Moines (United States) founded in 1998. Cloud-based employee benefits administration solutions are delivered. It operates in the Financial Services, Technology, and Healthcare sectors. Businessolver has raised $65.16 million across 3 funding rounds from investors including Warburg Pincus, JMI Management and Stone Point Capital. Businessolver has completed 2 acquisitions, including The Capstone Group and Workterra. Its website businessolver.com draws about 87 thousand monthly visits. Businessolver offers products and services including Benefitsolver, MyChoice Accounts, and Workterra Compliance Dashboard. Its focus areas include Enterprise Applications, HRTech, Employee Benefits and Benefits Adminstration. Its legal entity is BUSINESSOLVER.COM, INC. Its competitors include Alight, Wright Express and Justworks; 2 of its 3 listed competitors have raised funding.
Company details
Cloud-based employee benefits administration solution. Its online benefits enrollment software, Benefitsolver, delivers a SaaS-based benefits administration solution that empowers employees to easily enroll based on eligibility thats determined on the same platform. It also includes detailed analytics and reporting tools, COBRA administration, workflow, and communication toolset. It offers web-based tools for benefits billing and financial reporting to deliver reconciled bills that are easily reportable by division, location, carrier, and more.
- Headquarters West Des Moines, United States
- SectorsFinancial ServicesTechnology Healthcare
- Website category Jobs and Career
- Email••••••••
- Website businessolver.com
- Social LinkedIn X Instagram YouTube
- Legal Name Businessolver.Com, Inc.
- Total Equity Funding$65.16M (USD)
in 3 rounds
- InvestorsWarburg Pincus
& 2 more
- Investments & AcquisitionsThe Capstone Group
& 1 more
Products & Services of Businessolver
Businessolver offers a comprehensive portfolio of products and services, including Benefitsolver, MyChoice Accounts, and Workterra Compliance Dashboard.
Platform for managing employee benefits and engagement tools.
System for simplified consumer account administration.
Tool for tracking federal and state laws and regulations.
Apps and channels of Businessolver
Businessolver publishes 1 mobile app with over 500K+ downloads; its YouTube channel Businessolver has 225 subscribers and 30 videos.
Videos from Businessolver
The most watched videos on Businessolver's YouTube channel, Businessolver (225 subscribers). Click a video to play it here.
More on Businessolver.
Funding Insights of Businessolver
Businessolver has successfully raised a total of $65.16M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $65.16M
- Total Rounds 3
- First Round $65.16M
(May 2014)
- Investors Count 3
All 3 funding rounds of Businessolver 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 |
|---|---|---|---|---|---|
| Dec 2021 | Private Equity Round | – | Stone Point Capital | ||
| Jun 2018 | Private Equity Round | – | Warburg Pincus | – | |
| May 2014 | $65.16M | Private Equity Round | – | JMI Management | – |
3 investors in total: 3 institutional.
Investors in Businessolver
Businessolver has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Warburg Pincus, JMI Management and Stone Point Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm investing in software companies | jmi.com | Baltimore, United States | ||
Multi-stage private equity investments are pursued across diverse sectors. | 1966 | warburgpincus.com | New York, United States | |
Private equity firm investing in global financial services sectors. | stonepoint.com |
Investor details for Businessolver
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 Businessolver
418 people are tracked at Businessolver (79 in leadership, 339 in team).
| Name | Role | Group |
|---|---|---|
Jianghui Liu (Jane) | VP Of Software Engineering | Leadership |
Kevin Hillabolt | VP Engineering | Leadership |
Seth M. | VP Engineering | Leadership |
Wendell Farrar | Senior Director Technology / Enterprise Architect | Leadership |
Lauren McCormick | Director Of Client Operations | Leadership |
Luke Bacci | Assistant Vice President Of Client Services | Leadership |
Bennie Gallardo | Director Of Member Services | Leadership |
Bill Backman | Head Of Participant Services | Leadership |
Ashley Hood (Pettigrew) | Senior Director Client Services | Leadership |
Teena Eisenberg | Director Of Client Services | Leadership |
Chrs Angel Hower Cspo, Csm, Gba, Aiaa, Airc | Vice President, Transformation | Leadership |
Autumn Grolmus | Director - Onboarding | Leadership |
Bruce Gillis | Head Of Compliance | Leadership |
Emelia Schinke | Vice President, Legal | Leadership |
Bridget Mortland | Head Of Marketing & Product Solutions | Leadership |
Allison Jockel | Director, Revenue Marketing | Leadership |
Madicyn Maines | Senior Director, Consumer Experience | Leadership |
Marcy Klipfel (she/her/hers) | Chief Engagement Officer | Leadership |
Sony Sung-Chu | Svp, Head Of Science & Innovation | Leadership |
Jeff Mortland | Chief Sales Officer (cso) | Leadership |
398 more people are available in the full profile.
Complete people profiles for Businessolver
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 Businessolver
Businessolver has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include The Capstone Group and Workterra.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Employee benefits compliance and administration services are provided to employers. | ourcapstonegroup.com | Indianapolis, United States | 2005 | Feb 2024 | •••• | |
A cloud-based HRMS suite is delivered by Workterra. | workterra.com | West Des Moines, United States | 2005 | Oct 2022 | •••• |
Complete acquisition details for Businessolver
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Businessolver
5 dated milestones of Businessolver across 26 years, from founding to its latest funding, stage changes and deals.
- Founded Businessolver is founded.
- Funding First funding round of $65.2M.
- Funding Latest funding round, Private Equity Round,.
- Acquisition Acquires Workterra.
- Acquisition Acquires The Capstone Group.
Competitors of Businessolver
Businessolver has 3 listed competitors in our database, 2 of them funded. They include Alight, Wright Express and Justworks.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| alight.com | 2015 | Lincolnshire, United States | $8.75M | 9,874 | Cloud-based HRMS solutions are offered for enterprise HR management. | |
| wexinc.com | 1983 | Portland, United States | 6,123 | Employee benefit administration and payment solutions are provided for enterprises. | ||
| justworks.com | 2012 | New York, United States | $147.52M | 55,459 | Benefits administration and payroll management are provided for businesses. |
Detailed competitors of Businessolver
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 Businessolver
The website of Businessolver (businessolver.com) receives about 87K visits a month and ranks #497,598 among all websites worldwide, #7,768 in Jobs and Career.
- Monthly visits87K
▲ 29.1% vs previous month
- Unique visitors39.4K
per month
- Global rank#497,598
among all websites
- Category rank#7,768
Jobs and Career · Jobs and Career
- Bounce rate55%
- Pages per visit2.3
- Average visit1 min 41 sec
- DevicesDesktop 70% · Mobile 30%
Websites whose visitors overlap most with Businessolver. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| simplify.jobs | 100% | 1.6M | #31,560 | View details | |
| jobright.ai | 99% | 4M | #19,106 | View details | |
benefitsolver.com | benefitsolver.com | 88% | #30,428 | – | |
jobs.lever.co | jobs.lever.co | 82% | #4,880 | – | |
| indeed.com | 82% | 416.4M | #70 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for Businessolver
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 14 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Businessolver (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Related news about Businessolver
Complete news archive for Businessolver
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Businessolver
Businessolver was founded in 1998 and raised its 1st funding round 16 years after it was founded.
Businessolver is headquartered in West Des Moines, United States. It is registered at West Des Moines, Iowa, United States.
Businessolver is a funded company, having raised a total of $65.16M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $65.16M, raised on May 2014.
Cloud-based employee benefits administration solution. Its online benefits enrollment software, Benefitsolver, delivers a SaaS-based benefits administration solution that empowers employees to easily enroll based on eligibility thats determined on the same platform. It also includes detailed analytics and reporting tools, COBRA administration, workflow, and communication toolset. It offers web-based tools for benefits billing and financial reporting to deliver reconciled bills that are easily reportable by division, location, carrier, and more.
Businessolver's top competitors include Alight, Wright Express and Justworks.
Businessolver offers Benefitsolver, MyChoice Accounts, and Workterra Compliance Dashboard.
Businessolver has made 2 acquisitions, including The Capstone Group, and Workterra.
Businessolver has 3 investors. Key investors include Warburg Pincus, JMI Management, and Stone Point Capital.
Businessolver operates through Businessolver.Com, Inc..
Yes. Businessolver publishes MyChoice Benefits, with over 500,000 downloads.