About WageWorks
WageWorks is a Technology company based in San Mateo (United States) founded in 2000, and was acquired by HealthEquity in June 2019. Employee benefits management. It operates in the Technology and Healthcare sectors. WageWorks has raised $40 million across 2 funding rounds from investors including HealthEquity. The company has 1,679 employees. WageWorks has completed 1 acquisition, including Crosbybenefits.com. Its website wageworks.com draws about 2.1 million monthly visits. Its focus areas include Enterprise Applications, HRTech, Employee Benefits and Health Benefits. Its competitors include Hinge Health, Accolade and Sharecare; 3 of its 3 listed competitors have raised funding.
Company details
WageWorks was founded in 2000 in San Mateo, United States, within the employee benefits management sector. A web and mobile platform is operated to provide flexible spending accounts, allowing pre-tax contributions for benefits such as tuition reimbursement, health and wellness programs, and fitness expenses. Services are charged to employers on a per-employee basis, with clients including Bank of America, Pfizer, and Union Pacific.
- Headquarters San Mateo, United States
- Employees 1,679
- Stage Acquired
- SectorsTechnologyHealthcare
- Website category Jobs and Career · Human Resources
- Website wageworks.com
- Social LinkedIn X Facebook
- Acquired by HealthEquity (Jun 2019)
- Annual Revenue$472.18 M (USD)-1as on Dec 31, 2018
- Net Profit$25.97 M (USD)-52as on Dec 31, 2018
- EBITDA$44.38 M (USD)-37as on Dec 31, 2018
- Total Equity Funding$40M (USD)
in 2 rounds
- Latest Funding Round$129K (USD), Grant
Jun 2017
- Investors
- Employee Count1,679
- Investments & Acquisitions
- Acquired byHealthEquity
(Jun 2019)
Funding Insights of WageWorks
WageWorks has successfully raised a total of $40M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $129 thousand completed in June 2017. 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 $40M
- Total Rounds 2
- Last Round Grant — $129,000
- First Round $40M
(Jun 2011)
All 2 funding rounds of WageWorks 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 2017 | $129,000 | Grant | – | – | – |
| Jun 2011 | $40M | Series C | – | – | – |
1 investors in total: 1 institutional.
Investors in WageWorks
WageWorks has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include HealthEquity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Health benefits and savings are managed through an app-based platform. | 2002 | healthequity.com | Draper, United States |
Investor details for WageWorks
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People of WageWorks
610 people are tracked at WageWorks (198 in leadership, 10 in board & advisors, 402 in team); the tracked headcount is 1,679.
| Name | Role | Group |
|---|---|---|
Nichole Baibos | Director, Proposal Services | Leadership |
Kate Grimaldi | Vice President People Partners | Leadership |
Tynecia Martin | Director, B2b Events | Leadership |
Matt I. | Area Vice-president Of Sales, Eastern United States | Leadership |
Mukund Ramachandran | Chief Marketing Officer | Leadership |
Letha Jones | Account Executive Director | Leadership |
George Ramin | Account Executive Director | Leadership |
Jennifer Wagener | Partner Service Analyst/account Consultant | Leadership |
Tyson Irwin | Director Technical Accounting | Leadership |
Julie Rowlands | Regional Sales Director | Leadership |
Tina Andrews | Vice President, Enterprise Accounts | Leadership |
Dyan Daniels | Vice President Strategic Partnerships | Leadership |
Stephanie Sharpless | Vice President Enterprise Sales | Leadership |
Anne Larsen | Vp, Relationship Management | Leadership |
Stacie Waddell | Vp, Enterprise Sales | Leader | Leadership |
Dianne Larsen | Partner Manager | Leadership |
Michael Zell | Vice President Strategic Partnerships | Leadership |
Lance Parr | Sr. Director, Enterprise Accounts | Leadership |
Kimberly Vance | VP Broker Ascount Executive | Leadership |
Amanda Riley | Senior Vice President, Enterprise Client Relationships | Leadership |
590 more people are available in the full profile.
Complete people profiles for WageWorks
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Investments & Acquisitions by WageWorks
WageWorks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Crosbybenefits.com.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Employee benefits services are provided by Crosbybenefits.com. | crosbybenefits.com | 1997 | May 2013 | •••• |
Complete acquisition details for WageWorks
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Timeline of WageWorks
6 dated milestones of WageWorks across 19 years, from founding to its latest funding, stage changes and deals.
- Founded WageWorks is founded.
- Funding First funding round of $40.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Crosbybenefits.com.
- Funding Latest funding round, Grant, of $129K.
- Exit Acquired by HealthEquity.
Competitors of WageWorks
WageWorks 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 WageWorks
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Web traffic of WageWorks
The website of WageWorks (wageworks.com) receives about 2.1M visits a month and ranks #16,506 among all websites worldwide, #180 in Human Resources.
- Monthly visits2.1M
▲ 16% vs previous month
- Unique visitors676K
per month
- Global rank#16,506
among all websites
- Category rank#180
Jobs and Career · Human Resources
- Bounce rate23%
- Pages per visit11.8
- Average visit6 min 56 sec
- DevicesDesktop 67% · Mobile 33%
Websites whose visitors overlap most with WageWorks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ebri.org | ebri.org | 100% | #1,219,584 | – | |
| benefitnews.com | 96% | #741,086 | View details | ||
jobs.ashbyhq.com | jobs.ashbyhq.com | 90% | #4,138 | – | |
| healthequity.com | 86% | 7.1M | #5,583 | View details | |
| segalco.com | 84% | 16.3K | #1,587,799 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for WageWorks
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in HR & Workforce Technology
3 companies that operate in the same segment as WageWorks (HR & Workforce Technology) in United States, 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 | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about Wageworks
Complete news archive for WageWorks
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Frequently Asked Questions about WageWorks
WageWorks was founded in 2000 and raised its 1st funding round 11 years after it was founded.
WageWorks is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
WageWorks is a funded company, having raised a total of $40M across 2 funding rounds to date. The company's 1st funding round was a Series C of $40M, raised on Jun 2011.
WageWorks has 1,679 employees.
Annual revenue of WageWorks is $472.18M as on Dec 31, 2018.
WageWorks was founded in 2000 in San Mateo, United States, within the employee benefits management sector. A web and mobile platform is operated to provide flexible spending accounts, allowing pre-tax contributions for benefits such as tuition reimbursement, health and wellness programs, and fitness expenses. Services are charged to employers on a per-employee basis, with clients including Bank of America, Pfizer, and Union Pacific.
WageWorks's top competitors include Accolade, Hinge Health and Sharecare.
WageWorks has made 1 acquisition, including Crosbybenefits.com.
WageWorks has 1 investor. Key investors include HealthEquity.
Yes. WageWorks was acquired by HealthEquity in June 2019.
The website of WageWorks receives about 2.1 million visits a month and ranks #16,506 among all websites worldwide.