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.