Businessolver Announces Key Acquisition of The Capstone Group
DENVER, COLORADO (February 15, 2024)—Businessolver®, a leading SaaS-based employee benefits and HR technology provider, today announced the successful acquisition of The Capstone Group, a leading firm in employee benefits outsourcing, risk management and compliance solutions. This strategic investment extends Businessolver’s presence and expertise in benefits technology and outsourcing to its more than 800 clients.
“We are thrilled to welcome The Capstone Group to Solver Nation,” said Jon Shanahan, president & CEO of Businessolver. “This acquisition underscores our commitment to delivering exceptional value and unparalleled service to our clients in every market, while introducing new solutions like the ComplianceDashboard to our broader client base. We take immense pride in serving our clients and will continue to deliver both innovation and impact in the years to come.”
According to Shanahan, Businessolver and The Capstone Group share a vision for excellence and dedication to client-centric values. The acquisition will enable Businessolver to deliver a greater level of service support and expertise to the company’s pooled-insurance group clients. It also promises to deepen market penetration and further expand the ComplianceDashboard solution, which generates custom compliance calendars for employers.
“Businessolver’s market reputation, alongside our experience as a client for nearly two decades, has led us to this point,” said Aaron Curtis, The Capstone Group principal. “From culture to dedication to its clients through superior technology and customer service, we know the future is very bright for both our employees and our clients.”
“Joining the company that provides our technology just makes sense,” said Dan Bond, ComplianceDashboard principal. “The acquisition provides new opportunities for us to do what we do best – provide innovative and custom service solutions to our clients. Going forward, we can now be more creative in meeting the needs of our clients in the challenging healthcare market.”
Existing Businessolver and The Capstone Group clients can expect a seamless transition, as well as continued access to the high-quality services and personalized attention they have come to rely on.
Financial terms of the transaction were not disclosed.
About Businessolver
Since 1998, Businessolver has delivered market-changing benefits technology the empowers empathetic service supported by an intrinsic responsiveness to client needs. The company creates client programs that maximize benefits program investment, minimize risk exposure, and engage employees with easy-to-use solutions and communication tools to assist them in making wise and cost-efficient benefits selections. Founded by HR professionals, Businessolver’s unwavering service-oriented culture and secure SaaS platform provide measurable success in its mission to provide complete client delight.
