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Mangrove Software Acquires BenefitOne of America

Monday, February 26, 2007 6:00:00 AM PDT | VentureDeal Staff

TAMPA, FLMangrove Software announced the acquisition of BenefitOne of America, a full-service employee benefits administration company.

BenefitOne was founded in 1986 and provides “full service COBRA administration, HIPAA certification, flexible spending accounts, debit card administration, retiree billing, and leave of absence administration.”

Mangrove offers a variety of human resource management software solutions.  The acquisition of BenefitOne will expand its offerings and add 275 customers to Mangrove’s customer base.  Financial terms of the acquisition were not disclosed.

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