Liazon

Liazon

Liazon is a provider of technology to help businesses manage employee benefit programs. The company provides the online Bright Choices Exchange that enables employees and families to buy benefits that fit individual needs. Through the exchange, employees get access to an array of benefit choices, including a variety of health care plans, health savings and flexible spending accounts, dental, vision, disability, and life insurance, as well as wellness, telemedicine and pet insurance.In November 2013, Liazon was acquired by Towers Watson for $215 million by Towers Watson. The acquisition was anticipated to be dilutive to adjusted EPS by approximately $0.10 to $0.15 in fiscal year 2014. There is no impact to the forecasted EBITDA margins per the company's press release.At the time of acquisition, Liazon's online benefit marketplaces was said to be distributed through over 400 insurance brokers, including nine of the top 10 national firms, under either the Bright Choices brand or as a third-party proprietary exchange. Towers Watson plans, per its release, to continue these relationships based upon their current terms and use the Liazon name in the market with its broker partners. Towers Watson will also continue to offer its OneExchange solution, which primarily serves larger employers.

Total funding
~$31M
HQ 🇺🇸
Buffalo, United States
Status
Acquired
People
Ashok Subramanian
Chief Executive Officer, President
David Finkel
Chief Operating Officer
Michael Fleming
Chief Technology Officer
Herb Stortz
Chief Technology Officer
Curtiss Butler
Senior Vice President
Alan Cohen
Founder
Kent Jarvi
Chief Financial Officer
Robert M States
Chief Financial Officer
Michael Karp
Chief Revenue Officer
Timothy Godzich
Executive Vice President
Investors
Towers Watson
Rand Capital
Bessemer Venture Partners
Bain Capital Ventures
F-Prime Capital
Ingleside Investors
Lemhi Ventures
Categories
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