Benefitfocus Inc

Overview

Benefitfocus Inc (Benefitfocus) is a technology solutions provider that offers cloud-based software solutions. It provides a cloud-based benefits management platform for shopping, enrolling, managing and exchanging benefit information for employers, insurance carriers, brokers and other consumers. The company’s products include Benefitplace, Health Insights, COBRA and Benefit Catalog among others. Benefitfocus’s key products for employers facilitate online enrollment, employee communication and employee benefits administration solutions. It also offers professional and customer support services such as configuration and deployment, testing, and technical support; implementation services; and support services. It serves small, medium, brokers, insurance companies, and large employers from various industries. Key clients of the company include American Eagle Outfitters Inc; Blue Cross of Idaho Health Service, Inc; Wellmark, Inc; Owens Corning; and Zions Bancorporation among others. Benefitfocus is headquartered in Charleston, South Carolina, the US.
Key Stats
Address
100 Benefitfocus Way, Charleston, South Carolina
Headquarters

United States of America

Contact

1 843 8497476

No of Employees

1,200

Industry

Technology and Communications

Ticker Symbol & Exchange​

BNFT [NASD]

Revenue (2020)

$268 m

-9.4% (2020 vs 2019)
Net Income (2020)

$-24 m

47.3% (2020 vs 2019)
Net Profit Margin

-9 %

41.1% (2020 vs 2019)
Market Cap *

$357 m

EPS *

$-0.9

  *Note: Ratios based on the share price as of 6-October-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters Benefitfocus IncEvolent Health IncCornerstone OnDemand, Inc.HealthEquity Inc
Key Information
Headquarters United States of America United States of America United States of America United States of America
Headquarter City Charleston Arlington Santa Monica Draper
Headquarter State/Province South Carolina Virginia California Utah
No. of Employees 1,200 2,900 2,900 2,931
Entity Type Public Public Public Public

Products & Services

Benefitfocus is a software and cloud solution service provider. The key products and services offered by the company include the following:

Services
  • Employee Benefits Administration and Enrollment Platform Solutions
Brands
  • Benefit Catalog
  • Benefitplace
  • Health Insights
  • Rutrum Elit
Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
Matthew Levin Director; Chief Executive Officer; President Executive Board 2021 47 Mr. Matthew Levin has been the President, a Director and the Chief Executive Officer of the company since May 2021....
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History

Year Event Description
2020 Contracts/Agreements In December, the company entered into a partnership with Transamerica to provide retirement plan enrollment.
2020 Financing Agreements In May, the company announced to raise US$80 million investment from BuildGroup LLC.
2019 Acquisitions/Mergers/Takeovers In February, the company acquired Commercial U65 business unit of Connecture.
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2018 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
2018 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam

Locations


Benefitfocus.com, Inc.

Address

1016 Woods Crossing Road, Suite A, Greenville
United States of America

Telephone

1 864 234 2827

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target
26 Feb 2019 Benefitfocus Prices Public Offering of Common Stock Equity Offering Benefitfocus Inc
26 Feb 2019 Benefitfocus Acquires Commercial U65 Business Unit of Connecture Asset Transaction Benefitfocus Inc Connecture Inc
19 Dec 2018 Benefitfocus Raises USD240 Million in Private Placement of 1.25% Convertible Notes Due 2023 Debt Offering Benefitfocus Inc
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28 Jul 2015 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit

Jobs Overview

27

Active Jobs

23

Posted

37

Closed

Job Trends

Latest Jobs

Job title Company Country
Consultant II Benefitfocus Inc United States
Application Analyst, Engineering Operations Benefitfocus Inc United States
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Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
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