bswift

bswift

Streamlines employee benefits and HR administration

About bswift

Simplify's Rating
Why bswift is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Consulting

Enterprise Software

Company Size

1,001-5,000

Company Stage

Growth Equity (Venture Capital)

Total Funding

$49.6M

Headquarters

Chicago, Illinois

Founded

1996

Overview

bswift simplifies the management of employee benefits and HR payroll for employers in the United States. They offer services like benefits enrollment and management, catering to a wide range of clients from small businesses to large corporations. What makes bswift different is their focus on client engagement and thought leadership, providing resources and hosting virtual events to help clients navigate benefits administration. Their goal is to be a trusted partner for employers, ensuring efficient management of employee benefits programs.

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Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for personalized benefits solutions boosts bswift's innovation.
  • Shift towards virtual benefits administration accelerates due to COVID-19 impact.
  • Subscription-based models provide bswift with steady revenue and client retention.

What critics are saying

  • Integration challenges with Evive and Davis & Company may cause operational inefficiencies.
  • New COO Amit Jain might lead to strategic shifts misaligned with client expectations.
  • Francisco Partners' acquisition could alter bswift's strategic direction, affecting client relationships.

What makes bswift unique

  • bswift integrates behavioral science into benefits platforms, enhancing employee engagement.
  • Acquisition of Davis & Company expands bswift's internal communication solutions.
  • bswift's personalized engagement platform uses data-driven personalization and predictive analytics.

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Funding

Total Funding

$49.6M

Above

Industry Average

Funded Over

1 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Remote Work Options

Professional Development Budget

Mental Health Support

Employee Wellbeing Initiatives

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

ā†‘ 9%

1 year growth

ā†‘ 9%

2 year growth

ā†‘ 9%
bswift
Jan 7th, 2025
Adapting Benefits Strategies for the Future of HR

bswift clients and partners - join bswift LLC at its 2024 Idea Exchange (IX) conference, April 9-11!

Finsmes
Nov 18th, 2024
bswift Acquires Evive

bswift, a Chicago, IL-based company providing employee benefits technology and administration, acquired Evive, a Chicago, IL-based company which specializes in driving outcomes for employees, employers and health plans by optimizing benefit understanding and utilization, resources, and programs.

PR Newswire
Nov 15th, 2024
bswift Acquires Evive, Launches Engagement Platform

bswift has launched a fully integrated personalized engagement platform following its acquisition of Evive Health. This new solution aims to improve healthcare outcomes using data-driven personalization, predictive analytics, and behavioral science. The integration strengthens bswift's position in benefits administration, helping clients enhance their benefits strategies by encouraging proactive health management among plan participants.

Yahoo Finance
Apr 15th, 2024
Bswift Llc Acquires Davis & Company, Expanding Its Communication Agency Suite Of Solutions

CHICAGO, April 15, 2024 /PRNewswire/ -- Leading employee benefits technology and administration provider, bswift, announced today that it has acquired Davis & Company, a pioneer in internal communication with deep knowledge of reaching, motivating, and engaging employees.Davis & Company will join bswift's Communication Agency and grow its core offering to provide comprehensive solutions for all internal and HR communication needs such as change management, M&A, crisis communication and more."We are thrilled to have Davis & Company join the bswift family", said Ted Bloomberg, CEO of bswift. "Our clients are demanding expanded engagement and communications solutions from us, and this greatly increases our portfolio of strategic offerings and delivery capability. bswift is at the forefront with our clients on every change that impacts their employee populations; this addition allows us to offer comprehensive end-to-end support in those moments of change.""After 40 years of providing innovative internal communication solutions for our clients, this is a bold and exciting next step", says David Pitre, CEO of Davis & Company. "All our team members will transition to bswift, and with our combined expertise and capabilities, we'll have significant opportunity to drive meaningful outcomes for employees and organizations."bswift and Davis & Company announced and closed the acquisition simultaneously, effective April 12th. Financial details were not disclosed.About bswiftbswift LLC offers cloud-based technology and services that transform the way employees perceive and engage with their benefits. With adaptive technology, service excellence, and compassionate service, bswift serves millions worldwide

Haru Invest
Sep 3rd, 2023
Announcement: September 3, 2023

A) Haru Invest and I are actively working with Korean investigative agencies' investigation requests in all cases in which Haru Invest filed criminal complaints against B&S, as well as cases in which some of its members submitted criminal complaints against Haru Invest.

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