Philadelphia-based buyout firm Inverness Graham, known for investing in technology-driven companies, has officially announced the acquisition of BenefitHub.

Established in 1999, BenefitHub is renowned for its comprehensive voluntary benefits and employee engagement platform, which serves over 10 million employees worldwide.

The platform is utilized by numerous Fortune 1000 companies, including industry giants such as Amazon, Walmart, and Johnson & Johnson.

BenefitHub’s innovative cloud-based technology offers a vast array of voluntary benefits solutions, insurance products, and discounts on consumer goods and services.

This strategic move aims to bolster recruitment and enhance employee retention rates for employers.

Additionally, BenefitHub provides advertisers with the opportunity to target specific customer segments, ensuring a substantial return on investment through its advanced technology platform.

The acquisition is part of Inverness Graham’s broader strategy to expand its footprint in the tech-enabled human capital services sector.

“We are excited to build upon our success with companies like Syntrio and Swipeclock,” said Trey Sykes, Managing Principal at Inverness Graham.

“Partnering with BenefitHub positions us at the forefront of a lucrative market segment that is poised for growth due to strong macroeconomic factors.”

Inverness Graham and BenefitHub are actively pursuing further acquisitions to enhance their offerings in the voluntary benefits and employee engagement space, signaling a continued commitment to growth and innovation in the sector.