Employee Navigator Announces AI Technology Acquisition and Launch of Major AI Initiatives Ahead of Open Enrollment
Employee Navigator is excited to announce the acquisition of Velocity Benefits’ AI-powered plan building software. Employee Navigator is also introducing two additional major AI features designed to transform benefits administration software.
Employee Navigator Completes $100 Million Funding Round
Employee Navigator, a leading benefits administration & HR software provider, announced it has completed a $100 million funding round from existing investors JMI Equity and Spectrum Equity. The minority investment was used in a subsequent $120 million tender offer to provide liquidity to existing shareholders, including early-stage investors of both Employee Navigator and Enrollease, Inc. (“Ease”), which was acquired by Employee Navigator in 2023.
Employee Navigator Announces Acquisition of Ease
Employee Navigator, the leading benefits administration and HR software solution for insurance brokers and employers, today announced the acquisition of Ease, the leading broker centric HR and benefits software solution for small businesses. The combined company will support over 150,000 businesses, more than 4,000 insurance brokers, a marketplace of 300 integrated partners and over 13 million employees in the U.S., making it one of the largest benefits administration and HR platforms in the country.
Employee Navigator Forms Investor Consortium to Modernize Benefits Administration
Employee Navigator, a market leading benefits and HR software solution, has formed a strategic investor consortium comprised of six industry partners, including Paylocity and Aflac, to support the modernization of benefits administration for brokers, employers, and the broader ecosystem. The minority investment will support Employee Navigator’s continued growth as the leading benefits administration system for insurance brokers.
