February 28, 2019

Charleston’s Benefitfocus Goes To Wisconsin For Its 1st Acquisition In Nearly A Decade

MK Wilderman  /  Post and Courier

A large Charleston software business has made its first acquisition in nearly a decade, buying a Wisconsin firm in a deal aimed at increasing its customer base.

Benefitfocus Inc., which makes a cloud-based platform that helps millions of workers buy and manage their job benefits, said it paid $24 million for certain commercial assets of Connecture. It's the Daniel Island-based company's first buyout since it went public in 2013. Read more: