Announced
Financials
Tags
technology platform
hr technology
Majority
Single Bidder
Acquisition
Friendly
Domestic
Pending
United States
Software
Private
Synopsis
HealthEquity, an independent health savings account custodian, agreed to acquire Luum, a fast-growing technology platform for employee commute management, compliance and sustainability. Financial terms were not disclosed. This acquisition strengthens the HealthEquity commuter offering, delivering a critical toolset HR and facilities professionals need to implement flexible return-to-office and hybrid-workplace strategies. Combining technology and deep integrations with parking providers and IT integrations into HR and Payroll systems, employers can now offer safe, affordable commute alternatives and flexible remote-work benefits.
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