About PlanSource
PlanSource is a Financial Services company based in Orlando (United States) founded in 2008 by Ted White, and was acquired by Vista Equity Partners in March 2019. Cloud-based HR and benefits administration is offered for SMBs. It operates in the Financial Services, Technology, and Healthcare sectors. PlanSource has raised $94 million across 3 funding rounds from investors including CoAdvantage, Great Hill Partners and Lemhi Ventures. The company has 195 employees. PlanSource has completed 2 acquisitions, including ClearBenefits and Next Generation Enrollment. Its website plansource.com draws about 230 thousand monthly visits. Its Indian entity Plansource India Operations Private Limited reported revenue of ₹62.91 Cr. PlanSource offers products and services including Benefits Administration Platform, Employee Engagement Solutions, Billing Reconciliation Services, and COBRA Administration. Its focus areas include HealthTech, Employee Health IT, Healthcare Benefits Administration and Enterprise Applications. Its competitors include Hinge Health, Accolade and Sharecare; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2008, PlanSource operates from Orlando, United States, in the HR technology sector. A cloud-based platform is provided for small and medium-sized businesses to manage HR and benefits administration. Benefits transactions are automated through integrations with insurance carriers. PlanSource HR, a content management system, is also supplied to benefits advisors, enabling the publishing and distribution of HR and benefits information to employees.
- Headquarters Orlando, United States
- Employees 195
- Founders Ted White
- Stage Acquired
- SectorsFinancial ServicesTechnology Healthcare
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website plansource.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Vista Equity Partners (Mar 2019)
- Legal Name Plansource India Operations Private Limited
- Date of Incorporation 28 Aug, 2020
- Jurisdiction Bengaluru, Karnataka, India
- Indian entity revenue₹62.91 Cr
FY 2024 · +13% YoY
- Indian entity net profit₹5.79 Cr
FY 2024 · 9% margin
- Indian entity EBITDA₹9.65 Cr
FY 2024 · 15% margin
- Total Equity Funding$94M (USD)
in 3 rounds
- Latest Funding Round$70M (USD), Series C
Aug 2015
- InvestorsCoAdvantage
& 4 more
- Employee Count195
- Investments & AcquisitionsClearBenefits
& 1 more
- Acquired by
Associated legal entities of PlanSource
PlanSource operates through Plansource India Operations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Plansource India Operations Private Limited CIN U72900KA2020FTC137822 | Active | 28 Aug 2020 | Bengaluru, Karnataka | ₹62.9 Cr | 195 | 3 | View details |
Products & Services of PlanSource
PlanSource offers a comprehensive portfolio of products and services, including Benefits Administration Platform, Employee Engagement Solutions, Billing Reconciliation Services, and COBRA Administration.
Streamlines HR tasks for benefits enrollment and compliance
Enhances communication and engagement for HR teams
Automates billing accuracy and payment processes
Manages COBRA responsibilities for employee benefits
Apps and channels of PlanSource
PlanSource publishes 1 mobile app with over 10K+ downloads; its YouTube channel PlanSource has 3.81K subscribers and 30 videos.
Videos from PlanSource
The most watched videos on PlanSource's YouTube channel, PlanSource (3.81K subscribers). Click a video to play it here.
More on PlanSource.
Funding Insights of PlanSource
PlanSource has successfully raised a total of $94M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $70 million completed in August 2015. 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 $94M
- Total Rounds 3
- Last Round Series C — $70M
- First Round $12M
(Feb 2012)
- Investors Count 3
All 3 funding rounds of PlanSource 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 |
|---|---|---|---|---|---|
| Aug 2015 | $70M | Series C | – | Great Hill Partners | – |
| Jan 2014 | $12M | Series B | – | Lemhi Ventures, Timucuan Asset Management | – |
| Feb 2012 | $12M | Series A | – | Lemhi Ventures | – |
5 investors in total: 5 institutional.
Investors in PlanSource
PlanSource has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include CoAdvantage, Great Hill Partners and Lemhi Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Business acquisitions are targeted by the private equity firm. | greathillpartners.com | Boston, United States | ||
Venture capital investments are focused on healthcare system transformation. | 2006 | lemhiventures.com | ||
A private investment firm based in Jacksonville, Florida. | 1988 | timucuan.com | Jacksonville, United States | |
Investments are directed toward high-growth enterprise software and technology companies. | vistaequitypartners.com | Austin, United States | ||
HR and benefits services are provided to businesses nationwide. | 1997 | coadvantage.com | Tampa, United States |
Investor details for PlanSource
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Plansource India Operations Private Limited (PlanSource)
Plansource India Operations Private Limited is the primary company behind PlanSource. The board of Plansource India Operations Private Limited currently have 3 directors; the longest-serving is Michael Alan Ehlers, appointed in 2025. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Michael Alan Ehlers DIN 11007633 | Additional Director | 26 Mar 2025 | 1 yr 7 mo | Plansource India Operations Private Limited |
| Jennifer Anne Zador DIN 11059241 | Additional Director | 29 Apr 2025 | 1 yr 6 mo | Plansource India Operations Private Limited |
| Aditya Mehta DIN 07908754 | Additional Director | 25 Aug 2025 | 1 yr 2 mo | Plansource India Operations Private Limited |
People of PlanSource
167 people are tracked at PlanSource (36 in leadership, 131 in team); the tracked headcount is 195.
| Name | Role | Group |
|---|---|---|
Ted White | Co-Founder | Leadership |
Theresa Salmeri | Director, Implementation Service And Delivery | Leadership |
Charlie Warner | Senior Partner Account Executive | Leadership |
Mike Morini | CEO | Leadership |
Llif Mitch Hansen Cebs | Senior Vice President Business Development | Leadership |
Donald Usher | VP of Strategic Partnerships | Leadership |
Ashley Miller | Director Customer Support | Leadership |
Nikki Hardee (Brown) | Senior Director, Marketplace Partner Support | Leadership |
Jennifer Wissler | Sr. Director, Customer Success | Leadership |
Kevin Fillipps | Vice President, Finance | Leadership |
Matthew Buczek | Sr. Director Business Platforms & Architecture | Leadership |
Todd Stockard | Chief Financial Officer | Leadership |
David Usher | Director of Systems Administration | Leadership |
Matthew Gibbs | Vice President Of Software Engineering | Leadership |
Khoi Huynh | Director, Software Engineering At Plansource | Leadership |
Marshall Stapp | Sr. Partner Account Executive | Leadership |
Steve Parkhouse | Senior Vice President - Customer Success | Leadership |
Albert Cox | Senior Director, Client Success | Leadership |
Leslie Daricek | Vice President - Client Success | Leadership |
Anne Marie Kiel | Event And Partner Marketing Strategist | Leadership |
147 more people are available in the full profile.
Complete people profiles for PlanSource
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.
Financials of PlanSource
Figures of Plansource India Operations Private Limited, the primary company behind PlanSource, for FY 2024. Revenue was ₹62.91 Cr (+13% year on year). Net profit was ₹5.79 Cr (9% margin). EBITDA was ₹9.65 Cr (15% margin). Revenue has grown at a compounded annual rate of +115% over three years.
- ₹62.91 CrRevenue · FY 2024 · +13% YoY
- ₹5.79 CrNet profit · 9% margin
- ₹9.65 CrEBITDA · 15% margin
- ₹1 LakhPaid-up capital
- 195Employees (provident fund records)
- +115%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Plansource India Operations Private Limited are on its company page.
Detailed financial statements for PlanSource
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by PlanSource
PlanSource has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ClearBenefits and Next Generation Enrollment.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based platform for enrollment management services is offered. | nextgenerationenrollment.com | Ada Township, United States | 2004 | Jan 2017 | •••• | |
Provider of employee benefits software and services | clearbenefits.com | Santa Clara, United States | 1999 | Mar 2015 | •••• |
Complete acquisition details for PlanSource
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 PlanSource
7 dated milestones of PlanSource across 11 years, from founding to its latest funding, stage changes and deals.
- Founded PlanSource is founded.
- Exit Acquired by CoAdvantage.
- Funding First funding round of $12.0M.
- Acquisition Acquires ClearBenefits.
- Funding Latest funding round, Series C, of $70.0M.
- Acquisition Acquires Next Generation Enrollment.
- Exit Acquired by Vista Equity Partners.
Competitors of PlanSource
PlanSource has 3 listed competitors in our database, 3 of them funded. They include Hinge Health, Accolade and Sharecare.
| 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. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | Employee health benefits are facilitated via a cloud-based platform. | ||
| sharecare.com | 2010 | Atlanta, United States | $64M | 1,988 | Health and wellness social network for employees is provided. |
Detailed competitors of PlanSource
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of PlanSource
The website of PlanSource (plansource.com) receives about 229.6K visits a month and ranks #112,434 among all websites worldwide, #7,059 in Insurance.
- Monthly visits229.6K
▼ 7.2% vs previous month
- Unique visitors123.6K
per month
- Global rank#112,434
among all websites
- Category rank#7,059
Finance · Insurance
- Bounce rate35%
- Pages per visit8.5
- Average visit5 min 12 sec
- DevicesDesktop 55% · Mobile 45%
Websites whose visitors overlap most with PlanSource. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| uhc.com | 100% | 25.5M | #1,346 | View details | |
| healthcare.gov | 92% | #2,890 | View details | ||
plansource.ultipro.com | plansource.ultipro.com | 91% | – | ||
| cigna.com | 87% | 12.8M | #3,957 | View details | |
| aetna.com | 84% | 12.6M | #3,061 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 38 similar websites and full traffic analytics for PlanSource
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- 38 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 PlanSource (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 Plansource
Complete news archive for PlanSource
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Frequently Asked Questions about PlanSource
PlanSource was founded in 2008 and raised its 1st funding round 4 years after it was founded.
PlanSource is headquartered in Orlando, United States. It is registered at Orlando, Florida, United States.
PlanSource is a funded company, having raised a total of $94M across 3 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Feb 2012.
PlanSource has 195 employees.
The primary company behind PlanSource, Plansource India Operations Private Limited, reported revenue of ₹62.91 Cr for FY 2024, up 13% year on year.
Founded in 2008, PlanSource operates from Orlando, United States, in the HR technology sector. A cloud-based platform is provided for small and medium-sized businesses to manage HR and benefits administration. Benefits transactions are automated through integrations with insurance carriers. PlanSource HR, a content management system, is also supplied to benefits advisors, enabling the publishing and distribution of HR and benefits information to employees.
PlanSource's top competitors include Accolade, Hinge Health and Sharecare.
PlanSource offers Benefits Administration Platform, Employee Engagement Solutions, Billing Reconciliation Services, and COBRA Administration.
PlanSource has made 2 acquisitions, including ClearBenefits, and Next Generation Enrollment.
PlanSource has 5 investors. Key investors include CoAdvantage, Great Hill Partners, Lemhi Ventures, Timucuan Asset Management, and Vista Equity Partners.
PlanSource operates through Plansource India Operations Private Limited.
Yes. PlanSource was acquired by Vista Equity Partners in March 2019.