Benefitfocus

Benefitfocus, Inc. provides cloud-based benefits management technology solutions for employers and health plans. The Benefitfocus Platform has a multi-tenant architecture and a user-friendly interface designed for employees to access their benefits in one place. The company’s solutions support medical benefit plans and non-medical benefits, such as dental, life, disability insurance, income protection, digital health, and financial wellness. Its target market consists of the Employers and Health Plans market segments. The Employers market segment includes the sale of technology solutions on an annually recurring or multi-year subscription basis. Employers use these solutions to streamline benefits processes and control costs, keep up with regulatory requirements, and offer a variety of benefit options to attract, retain, and motivate employees. The Health Plans market segment is involved in the sale of solutions on a subscription basis to health plans, enabling the expansion of the company’s overall footprint in the benefits marketplace by aggregating key constituents, including consumers, employers, and brokers. Health Plans, also known as health insurers, health insurance carriers, or medical insurance carriers, use these solutions to market offerings to benefits-eligible employees, simplify billing, and improve the enrollment process. Brokers use the platform to manage employer portfolios. The company was founded by Mason R. Holland and Shawn A. Jenkins in June 2000 and is headquartered in Charleston, SC.

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Benefitfocus is a provider of a cloud-based benefits management platform for health care and benefits administration. More than 20 million consumers manage all types of benefits in the Benefitfocus cloud. By delivering technology that integrates all benefits in one place, Benefitfocus provides a better way to engage consumers, educate employees and simplify benefit enrollment and management. The company was founded in 2000 and is based in Charleston, South Carolina.

CHARLESTON, S.C.--(BUSINESS WIRE)--Benefitfocus, one of the leading benefits administration providers in the industry, announced today that Tom Klonecki has joined the company as chief operating officer (COO), effective Feb. 26, 2024. Klonecki will report to Andrew Frend, president, Benefitfocus. As COO, Klonecki will oversee the teams that deliver implementation, client management, contact center support, data exchanges and administrative services for clients. Klonecki will also work closely w.

Tom Klonecki joins Benefitfocus as chief operating officer

CHARLESTON, S.C., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Reference is made to the Indenture, dated as of December 27, 2018 (the “Indenture”), between Benefitfocus, Inc., a Delaware corporation (“Benefitfocus”) and U.S. Bank Trust Company, National Association, a national banking association, as Trustee (the “Trustee”), relating to Benefitfocus' 1.25% Convertible Senior Notes due 2023 (the “Notes”). Approximately $6.8 million in Notes remain outstanding. Capitalized terms used but not defined herein shall have the respective meanings given to them in the Indenture.

Announcing the Effective Date of a Make-Whole Fundamental Change

CHARLESTON, S.C., Jan. 20, 2023 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT) announced that at a special meeting today, Benefitfocus's stockholders approved the previously announced merger agreement related to the proposed acquisition of Benefitfocus by Voya Financial, Inc. Subject to the terms and conditions of the merger agreement, at the effective time of the merger, each share of Benefitfocus common stock will be cancelled and converted into the right to receive $10.50 in cash.

Benefitfocus Shareholders Approve Merger with Voya Financial

More U.S. Employers Seeking Better Ways to Manage ACA Compliance and Reduce Risk More U.S. Employers Seeking Better Ways to Manage ACA Compliance and Reduce Risk

Benefitfocus' ACA Compliance Solution to be Offered as an SAP Solution Extension

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Benefitfocus (BNFT) delivered earnings and revenue surprises of 14.29% and 0.26%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Benefitfocus (BNFT) Reports Q3 Loss, Tops Revenue Estimates

CHARLESTON, S.C., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc.  (NASDAQ: BNFT), an industry-leading cloud-based benefits administration technology company that serves employers, health plans and brokers, today announced its third quarter 2022 financial results:

Benefitfocus Announces Third Quarter 2022 Financial Results

Wilmington, Delaware--(Newsfile Corp. - November 4, 2022) - Rigrodsky Law, P.A. is investigating Benefitfocus, Inc. ("Benefitfocus") (NASDAQ: BNFT) regarding possible breaches of fiduciary duties and other violations of law related to Benefitfocus' agreement to be acquired by Voya Financial, Inc. Under the terms of the agreement, Benefitfocus' shareholders will receive $10.50 per share.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-benefitfocus-inc.To contact Seth D. Rigrodsky or Gina M.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Benefitfocus, Inc. Buyout

Benefitfocus (BNFT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Benefitfocus (BNFT)

Benefitfocus (BNFT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Benefitfocus (BNFT) Moves 48.2% Higher: Will This Strength Last?

Voya Financial

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C.

BENEFITFOCUS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Benefitfocus, Inc. - BNFT

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Most stocks took more hits, but a few investors were pleasantly surprised.

These 2 Tech Stocks Saw 40%+ Gains Wednesday

NEW YORK , Nov. 2, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Benefitfocus, Inc. ("Benefitfocus" or the "Company") (NASDAQ: BNFT), in connection with the proposed acquisition of the Company by Voya Financial, Inc. (NYSE: VOYA). Under the terms of the merger agreement, the Company's shareholders will receive $10.50 in cash for each share of Benefitfocus common stock owned.

SHAREHOLDER ALERT: Weiss Law Investigates Benefitfocus, Inc.

Voya Financial (VOYA) announced it is buying Benefitfocus (BNFT). This is why.

Why Voya Financial (VOYA) Is Buying Benefitfocus (BNFT) For About $570 Million

Benefitfocus (NASDAQ: BNFT ) stock is rocketing higher on Wednesday as investors react to a $570 million acquisition deal with Voya Financial (NYSE: VOYA ). That deal will see Voya Financial acquire shares of BNFT stock to the tune of $10.50 per share.

Why Is Benefitfocus (BNFT) Stock Up 48% Today?

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SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ATCO, ABMD, BNFT

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Benefitfocus, Inc. (NASDAQ: BNFT) to Voya Financial, Inc. for $10.50 per share is fair to Benefitfocus shareholders.

BNFT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Benefitfocus, Inc. Is Fair to Shareholders

Benefits manager Voya Financial VOYA, +0.22% on Tuesday said it agreed to acquire Benefitfocus BNFT, -0.85% , a cloud-based benefits administration tech platform, in a $570 million deal. Shares of Benefitfocus rocketed 47% higher, to $10.28, in after-hours trade.

Voya to buy Benefitfocus in $570 million deal, Benefitfocus stock skyrockets

CHARLESTON, S.C., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc.  (NASDAQ: BNFT), an industry-leading cloud-based benefits administration technology company that simplifies benefits administration for employers, health plans and brokers, today announced the cancellation of its earnings conference call for the quarter ended September 30, 2022, that had originally been scheduled for November 7, 2022, at 5:00 p.m. ET. The call is being cancelled due to the announcement of the pending transaction with Voya Financial, Inc.

Benefitfocus Cancels Third Quarter 2022 Earnings Conference Call

Voya Financial to acquire Benefitfocus, Inc.

Benefitfocus (BNFT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Benefitfocus (BNFT) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

Benefitfocus to administer health benefits for more than 30,000 members and their families Benefitfocus to administer health benefits for more than 30,000 members and their families

State of Alabama's Local Government Health Insurance Board Selects Benefitfocus for Employee Benefits Administration Modernization

CHARLESTON, S.C., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading cloud-based benefits administration technology company that simplifies benefits administration for employers, health plans and brokers, today announced it will report its third quarter 2022 results after U.S. financial markets close on Monday, November 7, 2022.

Benefitfocus Announces Date of Third Quarter 2022 Financial Results

CHARLESTON, S.C., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc.  (NASDAQ: BNFT), a cloud-based benefits administration technology company committed to helping organizations and the people they serve get the most out of their health care and benefit programs, today announced it has been named as a 2022 BenefitsPRO Luminaries honoree in the Humanizing Benefits category. The BenefitsPRO Luminaries awards celebrate top benefits professionals and organizations that strive to transform the benefits business and set an example within the industry.

Benefitfocus Named a 2022 BenefitsPRO Luminaries Honoree

CHARLESTON, S.C., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc.  (NASDAQ: BNFT), a cloud-based benefits administration technology company committed to helping organizations and the people they serve get the most out of their health care and benefit programs, has taken several steps to support a seamless open enrollment experience this fall. These include new features, resources and enhancements to its Benefitplace™ platform that are designed to enhance the user experience and further reduce administrative complexity for benefits managers.

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