About PlanSource
PlanSource is a company based in Orlando (United States) founded in 2008 by Ted White was acquired by Vista Equity Partners in March 2019. PlanSource has raised $94 million across 3 funding rounds from investors including CoAdvantage, Great Hill Partners and Lemhi Ventures. The company has 195 employees as of April 04, 2024. PlanSource has completed 2 acquisitions, including ClearBenefits and Next Generation Enrollment. PlanSource offers products and services including Benefits Administration Platform, Employee Engagement Solutions, Billing Reconciliation Services, and COBRA Administration. PlanSource operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Konfío, among others.
- Headquarter Orlando, United States
- Employees 195 as on 04 Apr, 2024
- Founders Ted White
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Sectors
Financial ServicesTechnology Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Plansource India Operations Private Limited
- Date of Incorporation 28 Aug, 2020
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$6.68 M (USD)45.77as on Mar 31, 2023
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Net Profit
$537.68 K (USD)21.45as on Mar 31, 2023
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EBITDA
$1.03 M (USD)46.41as on Mar 31, 2023
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Total Equity Funding
$94 M (USD)
in 3 rounds
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Latest Funding Round
$70 M (USD), Series C
Aug 21, 2015
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Investors
CoAdvantage
& 4 more
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Employee Count
195
as on Apr 04, 2024
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Investments & Acquisitions
ClearBenefits
& 1 more
- Acquired by
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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
People of PlanSource
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Software Development Team
44 people
Leadership Team
20 people
Customer Team
15 people
Sales and Marketing
13 people
Senior Team
12 people
Product Management Team
9 people
Sr. Team
5 people
Data Analysis and Operations Team
5 people
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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.
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.
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Business acquisitions are targeted by the private equity firm.
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Venture capital investments are focused on healthcare system transformation.
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A private investment firm based in Jacksonville, Florida.
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Investor details for PlanSource
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Investments & Acquisitions by PlanSource
PlanSource has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ClearBenefits and Next Generation Enrollment.
Investment portfolio details for PlanSource
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based platform for enrollment management services is offered.
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Provider of employee benefits software and services
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Complete acquisition details for PlanSource
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Financial Statements - PlanSource
Detailed financials for PlanSource
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Plansource Comparisons
Peer comparison for PlanSource
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Competitors of PlanSource
PlanSource 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, Practo, Accolade, Sharecare and Konfío, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Virtual physical therapy and digital pain care solutions are provided.
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Doctor appointments are booked and healthcare professionals are consulted online.
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Employee health benefits are facilitated via a cloud-based platform.
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Health and wellness social network for employees is provided.
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Financial solutions platform provider
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Cloud-based employee benefits administration solutions are delivered.
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Detailed competitors of PlanSource
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Latest news on 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.
As of Apr 04, 2024, the latest employee count at PlanSource is 195.
Annual revenue of PlanSource is $6.68M as on Mar 31, 2023.
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 Wellhub.
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.