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Businessolver Acquires Workterra To Grow Benefits Technology Footprint

Oct 11, 2022•about 3 years ago

Acquiring Company

Businessolver

Acquired Company

Workterra

West Des MoinesProfessional ServicesContent And Publishing

Description

Businessolver®, the market leader in SaaS-based benefits technology and services, announced it has acquired Workterra, a fully configurable, easy-to-use benefits administration and enrollment platform.

Company Information

Company

Businessolver

Location

West Des Moines, Iowa, United States

About

Since 1998, Businessolver has delivered market-changing benefits technology and services supported by an intrinsic responsiveness to client needs. The company creates client programs that maximize benefits program investment, minimize risk exposure, and engage employees with easy-to-use solutions and communication tools to assist them in making wise and cost-efficient benefits selections. Founded by HR professionals, Businessolver's unwavering service-oriented culture and secure SaaS platform provide measurable success in its mission to provide complete client delight. Media Contact: Bridget Mortland, Head of Marketing bmortland@businessolver.com 515-273-1426 SOURCE Businessolver

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed