Announced
Financials
Tags
United States
Software
Private Equity
computer software
software development
Acquisition
Minority
Private
Pending
Friendly
Single Bidder
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.