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.

Delivers on second quarter financial commitments Raising bar towards industry leadership in service excellence

Benefitfocus Announces Second Quarter 2021 Financial Results

Accomplished executive brings significant public company, financial and operations expertise Accomplished executive brings significant public company, financial and operations expertise

Benefitfocus Names John Park to Board of Directors

Benefitfocus (BNFT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Benefitfocus (BNFT) Report Negative Earnings Next Week? What You Should Know

CHARLESTON, S.C., July 15, 2021 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits platform and services provider, today announced it will report its second quarter 2021 results after U.S. financial markets close on Tuesday, August 3, 2021.

Benefitfocus Announces Date of Second Quarter 2021 Financial Results

CHARLESTON, S.C., May 25, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, has released the second in a series of reports in its State of Employee Benefits™ 2021, in this case focusing on the trends across midsize employer groups, defined as employers with 100-999 employees.

Benefitfocus State of Employee Benefits™ 2021 Midsize Employer Report Shows Increase in Benefits Participation and Cost-Sharing

CHARLESTON, S.C., May 24, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, has launched its series of One Place Local events, with five regional sessions in late May and early June.

Benefitfocus Launches Series of Workshops Focused on "State of Employee Benefits"

CHARLESTON, S.C., May 17, 2021 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announces that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission in connection with its upcoming 2021 annual meeting of stockholders. Benefitfocus also commenced mailing the proxy materials to stockholders today.

Benefitfocus Files Definitive Proxy Materials and Sets Date for 2021 Annual Meeting of Stockholders

SAN FRANCISCO--(BUSINESS WIRE)--Indaba Capital Management, L.P. (together with its affiliates, “Indaba” or “we”), which beneficially owns approximately 9.9% of the outstanding common shares of Benefitfocus, Inc. (NASDAQ: BNFT) (“Benefitfocus” or the “Company”), and approximately 22.9% of the outstanding issue of the Company's 1.25% convertible senior notes, today issued the below open letter to the Company's Board of Directors (the “Board”): May 13, 2021 The Board of Directors Benefitfocus, Inc

Indaba Issues Letter to the Board of Directors of Benefitfocus Regarding Recent Governance Lapses

CHARLESTON, S.C., May 12, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, has added a full suite of benefits offerings from Standard Insurance Company (The Standard), a leading provider of financial protection products and services for employers and individuals, to the growing range of products and services on its Benefit Catalog.

Benefitfocus Adds The Standard's Suite of Voluntary Benefits to Benefit Catalog

Benefitfocus, Inc. (BNFT) CEO Stephen Swad on Q1 2021 Results - Earnings Call Transcript

CHARLESTON, S.C., May 7, 2021 /PRNewswire/ --  Benefitfocus, Inc. (NASDAQ: BNFT), a leading technology platform provider enabling rapid innovation for employers, health plans and consumers, today announces significant software updates to its Benefitplace™ platform specific to health plan users, with further upgrades set for release in mid-June.

Benefitfocus Delivers Enhancements to Shopping and Quoting Functions for Health Plans

CHARLESTON, S.C., May 07, 2021 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announces that, in connection with the appointment of Matthew Levin as president and chief executive officer, and in accordance with the terms of his employment agreement with the Company, Benefitfocus' board of directors approved an initial equity grant to Mr. Levin consisting of 70% restricted stock units (“RSUs”) and 30% performance stock units (“PSUs”) with a total value of $5,000,000, totaling 248,826 RSUs and 106,640 PSUs (the “Initial Grant”).

Benefitfocus Announces Inducement Grant Under NASDAQ Listing Rule 5635(C)(4)

Benefitfocus (BNFT) delivered earnings and revenue surprises of 109.09% and 8.17%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Benefitfocus (BNFT) Q1 Earnings and Revenues Beat Estimates

Shares of Benefitfocus (NASDAQ:BNFT) moved lower in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 104.76% over the past year to $0.01, which beat the estimate of ($0.11).

Benefitfocus: Q1 Earnings Insights

Exceeds all first quarter guidance metrics

Benefitfocus Announces First Quarter 2021 Financial Results

Reiterates Full Year Guidance Reiterates Full Year Guidance

Benefitfocus Appoints Proven Industry Leader Matthew Levin as New CEO to Further Advance Growth Strategy

CHARLESTON, S.C., April 20, 2021 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits platform and services provider, today announced it will report its first quarter 2021 results after U.S. financial markets close on Tuesday, May 4, 2021.

Benefitfocus Announces Date of First Quarter 2021 Financial Results

CHARLESTON, S.C., April 16, 2021 /PRNewswire/ -- A commissioned Total Economic Impact study conducted by Forrester Consulting on behalf of Benefitfocus (NASDAQ: BNFT) concluded that the Benefitplace single platform solution improves data quality and automates processes across the ecosystem, allowing health plans to reduce costs by millions of dollars and improve operating flexibility to adapt to unexpected market trends and changing customer demands.

Benefitfocus Platform for Health Plans Delivers Significant ROI over Three-Year Period

Indaba Rejects Customary Cooperation Agreement

Benefitfocus Issues Statement in Response to Indaba

SAN FRANCISCO--(BUSINESS WIRE)--Indaba Capital Management, L.P. (together with its affiliates, “Indaba” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 9.5% of the outstanding common shares of Benefitfocus, Inc. (NASDAQ: BNFT) (“Benefitfocus” or the “Company”), today issued the below open letter to the Company's Board of Directors (the “Board”). As a reminder, Indaba recently nominated two highly-qualified and independent candidates –

Indaba Issues Letter to the Board of Directors of Benefitfocus Regarding its Unwillingness to Agree to a Good Faith Settlement

CHARLESTON, S.C., March 24, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, has released The State of Employee Benefits™ 2021 report, an analysis of employee benefit plan design and participation highlighting key trends that are shaping the future of the benefits ecosystem.

Benefitfocus State of Employee Benefits™ 2021 Report Highlights Importance of Benefits to Diverse Workforce

CHARLESTON, S.C., March 17, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announces that Dan Dennis, Vice President and Chief Information Security Officer, has been named to the SC Tech Executive Forum, an initiative of the South Carolina Council on Competitiveness.

Benefitfocus Executive Named to South Carolina Tech Executive Forum

Former CHRO and SHRM chairman brings invaluable industry expertise to board Former CHRO and SHRM chairman brings invaluable industry expertise to board

Benefitfocus Names Coretha Rushing to Board of Directors

Benefitfocus, Inc. (BNFT) CEO Stephen Swad on Q4 2020 Results - Earnings Call Transcript

Benefitfocus (BNFT) delivered earnings and revenue surprises of 260.00% and 2.47%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

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