NexPhase Capital-backed Selerix completed the acquisition of SyncStream.

NexPhase Capital-backed Selerix, a provider of cloud-based benefits administration solutions, completed the acquisition of SyncStream, the pioneer of Affordable Care Act (ACA) reporting technology. Financial terms were not disclosed. "The integration of our technologies will allow us to offer real-time benefits compliance and a unique value proposition centered on exceptional customer support. SyncStream has been a leader in the market for many years. Its overall technology and comprehensive API continue to serve its clients seamlessly. With the combined strengths of our two companies, we can successfully address the complex challenges that many companies face in the staffing and PEO industries, particularly managing employees' varying eligibility and frequent payroll changes," Tim Pratte, Selerix CEO.