Acquiring Company
Ciphr
Acquired Company
Avantus
RogersvilleSoftwareHuman ResourcesEmployee Benefitsinformation technology & servicesFinancial ServicesFinanceDescription
Ciphr Group has successfully acquired Avantus, a move that marks its entry into the employee benefits sector. This acquisition is the third in 18 months for the ECI-backed group and represents its largest acquisition to date. The acquisition significantly expands Ciphr's customer proposition by including employee benefits and wellbeing for the first time.
Quick answer
Ciphr is acquiring Avantus, announced November 19, 2024.
- How much did Ciphr pay for Avantus?
- The deal value was not disclosed.
- What does Ciphr do?
- Ciphr Group has expanded its business into the employee benefits sector with the recent acquisition of Avantus.
- Where are Ciphr and Avantus based?
- Avantus is based in Rogersville, Tennessee, United States.
- Who are the decision-makers at Ciphr?
- Fundz holds 5 contacts at Ciphr. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Human Resources and Employee Benefits
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- SEI completes acquisition of LifeYield to provide real-time UMH and tax capabilities (December 11, 2024)
- Regnology completes acquisition of VERMEG’s RegTech Division – AGILE (November 25, 2024)
- SouthState Corporation closes acquisition of Independent Financial, Expands Presence in TX & CO and Adds Three Board Members (January 2, 2025)
- Valsoft Corporation acquires Keystone Information Systems and Cott Systems to enhance local government portfolio (December 20, 2024)
- Mastercard completes acquisition of Recorded Future to enhance cybersecurity capabilities (December 20, 2024)
- Visa completes acquisition of Featurespace to enhance fraud protection capabilities (December 19, 2024)
Who to call at Ciphr, and when
When Ciphr changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Ciphr raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ciphr, from your own LinkedIn network
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Frequently asked
Who acquired Avantus?
Avantus was acquired by Ciphr. The deal was reported on November 19, 2024. Ciphr Group has expanded its business into the employee benefits sector with the recent acquisition of Avantus. This move aligns with Ciphr's strategy of acquiring UK businesses that complement its core HCM offering. Ciphr is privately held and operates in Software.
When did Ciphr acquire Avantus?
Ciphr's acquisition of Avantus was reported on November 19, 2024. Ciphr Group has successfully acquired Avantus, a move that marks its entry into the employee benefits sector. This acquisition is the third in 18 months for the ECI-backed group and represents its largest acquisition to date. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Avantus do?
Avantus Business Solutions is the parent company of a group of specialist workplace technology companies. Each part of the group has a particular expertise and industry focus for its innovative approach to employee engagement. It is privately held, operating in Financial Services, and is based in Rogersville.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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