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BenefitPoint  Acquired by Vertafore (2006  amount undisclosed )

301 Howard Street 6th Floor
San Francisco, CA 94105
Website Company Summary Management Team

Outside board: (May no longer be on the board) Thomas Stephenson (Sequoia Capital);  Peter Grua (HLM Venture Partners);  Tom Hutton (Thompson Hutton) John H Moragne (Trident Capital) Ofer Nemirovsky (HarbourVest Partners);  Tim Ray (Consortium Health Plan);  Steve Shulman (IHCG Founder)
Former outside board: Samuel D Colella (Versant Ventures)

Business description: BenefitPoint delivers the leading Internet-based employee benefits infrastructure for the distribution and management of group insurance products. As the central nervous system of the employee benefits industry, BenefitPoint provides a complete set of industry services, enabling benefits professionals to manage the entire group health insurance and benefits lifecycle. BenefitPoint makes it easier for employee benefits professionals to manage, buy and sell benefits by providing the industry's leading web-based platform for customer relationship management and procurement. BenefitPoint customers realize expanded business opportunities, operational efficiencies and a greater ability to deliver quality information and services to their clients. As the first web-based communication tool for insurance brokers, consultants and carriers, BenefitPoint supports a complete range of employee benefits products including medical, life, disability, dental, vision, stop loss, and third party administration.
Customers include: Health NetKaiser PermanenteMarsh;  ABD;  Gallagher Benefit Services;  Hub International ;  Keenan;  Mercer Human Resource Consulting;  Palmer and Cay;  Principal Financial Services
Partners include: ABD Insurance ServicesArthur J. GallagherKaiser Permanente;  Applied Systems ;  Barney and Barnery;  Calco;  Health Net of California;  KayeGroup;  Medco Health;  Mercer Human Resources Consulting;  Palmer and Cay;  Symetra ;  WordAndBrown Insurance Administrators

Rounds: 3
Recent Fundings: Oct 2004   Jun 2002
Capital raised: 91.7M
Last Round: 13.0M
Ownership: Acquired by Vertafore (2006  amount undisclosed )
Corporate investors: Scient;  Marsh Capital;  Gallagher;  Kaye;  Keenan;  ABD

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Last Mentions

Record updated: Apr 2008
Sector: Medical
Year Founded: 1999
Headcount: 151-200 as of Aug 2002
Rounds: 3
Recent Fundings: Oct 2004   Jun 2002
Capital Raised: 91.7M
Last Round: 13.0M
Ownership: Acquired by Vertafore (2006  amount undisclosed )