PlanSource Benefits Administration
Latest round
- Series B
Last raised
- Jan 2014
Total raised
- $12M
Investors
- 2
About PlanSource Benefits Administration
PlanSource Benefits Administration, Inc.PlanSource specializes in employee benefits administration software, enhancing HR operations for employers in the United States. Founded in 2008, the company is headquartered in Orlando, US. The CEO is Dayne Williams, and the company has undergone investment rounds, including a recent deal in March 2019 where Vista Equity Partners acquired PlanSource from Great Hill Partners, Lemhi Ventures, and Timucuan Asset Management for undisclosed terms.PlanSource specializes in employee benefits administration software designed to streamline various HR tasks, including enrollment, billing, compliance, and employee engagement. The platform offers a comprehensive suite of solutions aimed at simplifying benefits administration processes for employers, brokers, and resellers. Key functionalities include automated enrollment, benefits communication tools, and mobile access, enabling users to manage their benefits efficiently.PlanSource generates revenue through a subscription-based model, providing access to its benefits administration platform and related services. Clients enter contractual agreements for software access and managed services like billing reconciliation, COBRA administration, and employee support. The pricing structure accommodates various client needs, with plans tailored for employers, brokers, and resellers.Following the acquisition by Vista Equity Partners in April 2019, PlanSource aims to enhance its product offerings and expand its market presence. Future growth strategies include the design and launch of new products intended to address evolving client needs, although specific release dates have yet to be disclosed. The company is targeting expansion into new geographic regions, with plans to increase its market footprint within North America.
Who invested in PlanSource Benefits Administration
2 investors across 1 round
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Funding rounds
Series B
Jan 9, 2014
Amount
$12M
Investors
Questions about PlanSource Benefits Administration
Who invested in PlanSource Benefits Administration?
PlanSource Benefits Administration has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has PlanSource Benefits Administration raised?
PlanSource Benefits Administration has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did PlanSource Benefits Administration last raise money?
PlanSource Benefits Administration's most recent round on record is a Series B, in Jan 2014.
What does PlanSource Benefits Administration do?
PlanSource Benefits Administration, Inc.
Where is PlanSource Benefits Administration headquartered?
PlanSource Benefits Administration is headquartered in Orlando, US.
Which VCs invest in companies like PlanSource Benefits Administration?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at PlanSource Benefits Administration's stage. Their profiles are linked below.
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