Orlando, Fla. – April 22, 2019 – PlanSource, a leading provider of cloud-based benefits administration technology, today announced it has been acquired by Vista Equity Partners (Vista), a leading investment firm focused on software, data and technology-enabled businesses.
The transaction, originally announced on March 25, 2019, has received regulatory approval and officially closed April 22, 2019.
Vista partners with management teams to foster operational excellence, paving the way for sustainable growth opportunities, innovation and impact in the markets they serve. Vista’s acquisition of PlanSource marks the beginning of a new phase of growth for the software provider. The investment and expertise from Vista will fuel the next stage of growth and further advance the company’s goal of building a better benefits experience for employees, employers and the brokers that support them.
With backing from Vista, PlanSource intends to accelerate its product roadmap and build on its innovative partnership programs. Key areas of investment include real-time integrations with insurance carriers, insightful analytics for all stakeholders, and intuitive tools for self-service, personalization and communications that simplify the benefits experience for employees and HR teams.
PlanSource is a technology company driven to create a better benefits experience for employees and the HR teams that support them. Nearly 4.5 million consumers receive their benefits through the PlanSource platform, which provides flexible and intuitive software and services for benefits administration. By combining industry-leading software and a full suite of technology-enabled services, PlanSource provides companies of all sizes with a complete solution for benefits shopping, enrollment, billing, compliance and administration. Learn more at www.plansource.com.
PlanSource is a registered trademark of PlanSource, Inc., and PlanSource owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.