Zellis Group has announced its acquisition of Benify, merging their capabilities to create a leading global provider in benefits administration and employee engagement software.

Information on the Target

Zellis Group has entered into a definitive agreement to acquire Benify, a prominent provider of employee benefits administration software. Founded in 2004, Benify has established itself as a leader in benefits and total rewards solutions through its globally enabled SaaS platform. The company, which was previously focused on the Swedish market, has successfully expanded its reach to become a significant player in the global landscape.

Under the ownership of Vitruvian Partners since 2011, Benify has undergone a considerable transformation, demonstrating consistent growth and international expansion. This acquisition will allow Zellis Group to enhance its existing benefits administration and employee engagement software service, Benefex, thereby creating a comprehensive suite of offerings for customers worldwide.

Industry Overview in the Target's Specific Country

The benefits administration and employee engagement software market in Sweden is experiencing robust growth, driven by a growing focus on employee wellbeing and the need for streamlined HR s