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Announced

LLR Partners invested in Corestream.

Financials

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Transaction Value-
Consideration TypeCash
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United States

Software

Private Equity

computer software

software development

Acquisition

Minority

Private

Pending

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Single Bidder

Synopsis

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Private equity firm LLR Partners invested in Corestream, the leading platform for connecting employees with voluntary benefits. Financial terms were not disclosed. "Corestream is leading a rapidly evolving market, where employers look to offset high deductible health plans, address gaps in insurance coverage, meet the modern workforce's demand for voluntary benefits, and offer them at scale, which legacy solutions are unable to do. The company's 50% compound annual growth rate and world class Net Promoter Score of 86 indicated to us that Neil and his team created one of the most innovative technology platforms in the space and a better way to connect employees to their benefits." Sasank Aleti, principal at LLR Partners.

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