About TASC
TASC is a company based in Madison (United States) founded in 1975 was acquired by General Atlantic in June 2009. It operates as a Managed Services, and Subscription Services. TASC offers products and services including Universal Benefit Account, Continuation Benefits, and Payroll Plus. TASC operates in a competitive market with competitors including Gusto, Justworks, Earnin, Paylocity and Zenefits, among others.
- Headquarter Madison, United States
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Total Administrative Services Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$70 M (USD), Debt – Conventional
Mar 01, 2014
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Investors
KKR
& 1 more
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Employee Count
Employee Count
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Acquired by
General Atlantic
(Jun 01, 2009)
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Products & Services of TASC
TASC offers a comprehensive portfolio of products and services, including Universal Benefit Account, Continuation Benefits, and Payroll Plus. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Employee benefits are managed through a single platform.
Continuation administration is provided for COBRA and retirees.
Payroll and HCM solutions are offered with expert support.
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Funding Insights of TASC
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $70.0M
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First Round
First Round
(01 Jun 2009)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2014 | Amount | Debt – Conventional - TASC | Valuation |
investors |
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| Jun, 2009 | Amount | Debt – Conventional - TASC | Valuation |
investors |
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| Jun, 2009 | Amount | Debt – Conventional - TASC | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TASC
TASC has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include KKR and General Atlantic. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TASC
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TASC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tasc Comparisons
Competitors of TASC
TASC 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 Gusto, Justworks, Earnin, Paylocity and Zenefits, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll management solutions are offered.
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| domain | founded_year | HQ Location |
Cloud-based payroll management solutions are offered for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tasc
Frequently Asked Questions about TASC
When was TASC founded?
TASC was founded in 1975 and raised its 1st funding round 34 years after it was founded.
Where is TASC located?
TASC is headquartered in Madison, United States. It is registered at Madison, Wisconsin, United States.
Who is the current CEO of TASC?
Daniel Rashke is the current CEO of TASC.
What does TASC do?
Employee benefits administration and HR solutions are offered by TASC, focusing on simplifying compliance, continuation services, and benefit accounts like FSA, HSA, and ICHRA. Services are delivered through a single platform for efficiency, targeting employers, distributors, and strategic partners across various sectors. Innovative technology and over 50 years of expertise are utilized to ensure compliance and enhance workforce well-being. Solutions are tailored for businesses of all sizes, including small, medium, and large enterprises, as well as government entities.
What products or services does TASC offer?
TASC offers Universal Benefit Account, Continuation Benefits, and Payroll Plus.
Who are TASC's investors?
TASC has 2 investors. Key investors include KKR, and General Atlantic.
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