Announced
Completed
Financials
Tags
Domestic
Software
cloud-base software solutions
United States
Majority
Friendly
Acquisition
Public
Single Bidder
Completed
Synopsis
Voya Financial, a health, wealth and investment company, completed the acquisition of Benefitfocus, a cloud-based benefits administration technology company that serves employers, health plans and brokers, for $570m. "We are excited to become part of Voya – bringing Benefitfocus’ portfolio of innovative solutions and services to support the health and wellbeing of more customers through the creation of an end-to-end continuum of offerings across health, wealth and investment. This transaction delivers significant and immediate value for our shareholders, broader opportunities for our associates, and strengthens our go-to-market offering with Voya’s platform of workplace-centered services and solutions," Matt Levin, Benefitfocus President and CEO.
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