.
MergerLinks Header Logo

New Deal


Announced

Completed

Businessolver completed the acquisition of Workterra from CareerBuilder.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private

Friendly

Software

United States

Single Bidder

Completed

enrollment management software

Acquisition

Domestic

Majority

Synopsis

Edit

Businessolver, a company in SaaS-based benefits technology and services, completed the acquisition of Workterra, a fully configurable, easy-to-use benefits administration and enrollment platform, from CareerBuilder, an operator of employment website. Financial terms were not disclosed. “From day one, our mission with Businessolver has been to grow our business and delight our clients, and we are excited to extend that mission to Workterra and its customer base. With this acquisition, we are committed to delivering industry-leading innovation and benefits expertise to the service and product delivery for Workterra, bringing a renewed growth path to the technology and the people who support it. Additionally, we are excited for what will be accomplished by bringing together two organizations with a commitment to driving a thoughtful and empathetic culture in all we do,” Jon Shanahan, Businessolver CEO and President.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US