Business is booming for one Orlando tech company.
By David Bodden, Reporter, News 13 Orlando
PlanSource – which manages numerous companies’ benefits programs – is planning to nearly double in size after receiving a $70 million investment.
The exchange building in downtown Orlando seems to be fertile ground for tech businesses on the way up. And while PlanSource may not be a name you are very familiar with, your Human Resources department at work probably knows them. They have helped simplify and manage all of those benefits enrollment forms you have to fill out.
The platform or software they’ve developed has caught the eye of a number of investment firms who believe the company is on the right track.
They’ve raised millions in operating capital from investors since 2008 and have been expanding ever since then.
Dayne Williams is the CEO of PlanSource and he says this most recent investment will mean new jobs as the company continues to expand nationwide.
“We’re going to hire 150 people this year, is what the plan calls for. We are about 325 people today and we will be expanding rapidly,” Williams said.
They hope to draw employees with the benefits of an ultra-relaxed, modern work place that we see in many new tech companies. That includes living room-style meeting spaces where you can just unwind.
But the way things are going for PlanSource, there won’t be too much time to slow down.
WSJ.com: PlanSource Raises $70 Million as HR Investments Soar
PlanSource was featured in a Venture Capital Dispatch article detailing an investment of $70 million in series C funding by Great Hill Partners.
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