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Life Health > Health Insurance > Health Insurance

Fineos to Acquire Limelight Health for $75 Million

By Allison Bell

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A big European life, accident and health insurance technology company is acquiring a U.S. benefits tech firm.

Fineos Corp. has agreed to pay $75 million for Limelight Health.

(Related: Limelight Strategist: The Exchange Force Is Real)

Fineos is a Dublin, Ireland-based company that provides core program administration systems for many large insurers in the United States and Australia.

Limelight is a San Franciso-based company that provides quoting, rating, and underwriting systems for employee benefits insurers.

Fineos says the Limelight deal will help it provide quoting, rating and underwriting services as well as insurance administration systems.

Together, the two companies have about 1,000 employees, according to Fineos.

Limelight’s products for rating, underwriting, and quoting will be available as an optional component of Fineos AdminSuite, while continuing to be available as a stand-alone product that can plug into other companies’ systems, Fineos says.

— Read Ameritas Acquires a Large Dental Benefits Provider, on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on Facebook, LinkedIn and Twitter.

Allison Bell

Think_Allison

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© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.