The Wall Street Journal: Zenefits Competitor Decisely Raises $60 Million

PlanSource was mentioned in an article in The Wall Street Journal, covering recently capital investments in the benefits industry. An excerpt from the article is below and the entire piece can be found here.

Zenefits Competitor Decisely Raises $60 Million
Olga Razumovskaya
March 30, 2017
Copyright ©2017 Dow Jones & Company, Inc.

Decisely, an HR and benefits startup, has raised $60 million in funding from Two Sigma Private Investments and EPIC Insurance Brokers and Consultants, a portfolio company of the Carlyle Group.

The company’s competitors include the embattled health-benefits broker Zenefits as well as PlanSource Holdings Inc., which also makes software that allows companies to administer human resources, payroll, talent, benefits and insurance.

Decisely is planning to use the funding to grow its service as well as for potential acquisitions. The company has no plans to expand beyond the U.S. at this stage, said Kevin Dunn, the company’s chief executive.