TAMPA, FL – Mangrove 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.