bswift Company Profile
bswift, founded in 1996 and privately held with 1,145 employees, is a cloud-based HR and payroll administration platform provider that streamlines benefits and healthcare management for employers and health-insurance exchanges, has completed six financing rounds raising $466K, operates primarily in IT consulting and SaaS within HR tech and InsurTech sectors, and competes with companies like ebenefit Marketplace, PlanSource, and Businessolver.
Company Overview
Year Founded: 1996
Status: Private
Employees: 1,145
Latest Deal Type: Divisional Recapitalization
Financing Rounds: 6
Investments: 2
General Information
bswift is a provider of enrollment and administration systems intended for human resources and payroll administration. The company's platform uses cloud-based technology to help employers and health-insurance exchanges streamline payroll, benefits, and human resources administration for employees. This simplifies and reduces the cost of healthcare administration and helps employees make informed decisions about their benefits and healthcare.
Website: www.bswift.com
Ownership Status: Privately Held (backing)
Financing Status: Private Equity-Backed
Corporate Office:
- 500 West Monroe, Suite 3800, Chicago, IL 60661, United States
Primary Industry: IT Consulting and Outsourcing
Other Industries: Business/Productivity Software, Automation/Workflow Software
Verticals: HR Tech, SaaS, InsurTech
Timeline
- 2023–2026: Captured employee count and estimated employee growth.
Valuation & Funding
- bswift has raised $466K over time.
Comparisons
bswift is compared with other companies in the IT Consulting and Outsourcing industry, including:
- ebenefit Marketplace (North Haven, CT)
- PlanSource (Orlando, FL)
- Epicor Software (Austin, TX)
- Businessolver (West Des Moines, IA)
- Empyrean Benefit Solutions (Houston, TX)
Competitors
Some of bswift’s competitors include:
Patents
- Total Documents (Applications and Grants): 8
- Total Patent Families: 8
- Granted: 8
- Pending: 0
- Expiring in next 12 months: 0
Recent Patent Activity
- US-D843409-S1: Display screen with a graphical user interface (Active, filed 22-Apr-2016)
- US-D881907-S1: Display screen with a graphical user interface (Active, filed 22-Apr-2016)
- US-D962270-S1: Display screen with a graphical user interface (Active, filed 22-Apr-2016)
- US-D809540-S1: Display screen with graphical user interface (Active, filed 22-Apr-2016)
- US-D812631-S1: Display screen with graphical user interface (Active, filed 22-Apr-2016)
Investments
bswift’s most recent deals:
- Evive Health (Buyout/LBO, 15-Nov-2024, Vertical Market Software)
- Davis & Company (Buyout/LBO, 12-Apr-2024, Human Capital Services)
FAQs
When was bswift founded?
bswift was founded in 1996.
Where is bswift headquartered?
bswift is headquartered in Chicago, IL.
What is the size of bswift?
bswift has 1,145 total employees.
What industry is bswift in?
bswift’s primary industry is IT Consulting and Outsourcing.
Is bswift a private or public company?
bswift is a Private company.
What is bswift’s current revenue?
The current revenue for bswift is not disclosed.
How much funding has bswift raised over time?
bswift has raised $466K.
Who are bswift’s investors?
- Francisco Partners
- Sixth Street Partners
- Sixth Street Specialty Lending BDC
Who are bswift’s competitors?
- ebenefit Marketplace
- PlanSource
- Epicor Software
- Businessolver
- Empyrean Benefit Solutions