SAAS-Based Multiemployer Benefit Plan Administration Software Company
Attractive and User-Friendly Software Product with Solid Customer Base in its 40th Year
Founded in 1982, the California-based Company designs, develops, and supports software applications for the niche Taft Hartley multiemployer benefit plan administration industry.
The Company’s software platform is well regarded for its user-friendly interface, scalability, and customizable features with a large addressable market of third party administrators (“TPAs”) and multiemployer benefit plans, many currently running on manual processes or inferior software systems. Once implemented, the platform is mission-critical to its customers and the high switching cost creates a very sticky base of clients.
Owned by its two founders, both long-time industry luminaries, the Company employs a small staff of developers and engineers serving many large multiemployer plan and TPAs across North America.
The Company operates from 1,500 square feet of leased office space in Southern California but is not location dependent.
The Company was largely unaffected by COVID, thanks to the virtual nature of the business and the ongoing need for benefits administration software and support.
The Company’s existing owners are willing to stay on as employees or consultants to assist with the business transition.