In October 2022, Businessolver®, the market leader in SaaS-based benefits technology and services, acquired Workterra, a fully configurable, easy-to-use benefits administration and enrollment platform.
The Transaction Advisory practice of Kroll served as buy-side financial advisor to Businessolver in connection with the transaction.
About Businessolver
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. Simpson Thacher & Bartlett LLP served as legal counsel to Businessolver.
About Workterra
Workterra is a fully configurable, easy-to-use benefits administration and enrollment platform built to simplify the growing complexity of benefits for HR and employees. Leading employers, brokers and carriers choose Workterra for its unmatched flexibility, robust reporting capabilities, and intuitive user experience as well as the personal service and support provided by dedicated benefits experts. Workterra's industry-leading technology, together with a comprehensive suite of administrative services, help clients deliver a personalized enrollment experience, reduce administrative burden and streamline data exchanges with the utmost accuracy and security. Sidley Austin LLP served as legal counsel to CareerBuilder.
