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Benefitfocusrevenue & acquisition

Benefits Administration SoftwareDaniel Island, South CarolinaFounded 2000

Benefitfocus was acquired by Voya Financial, Inc in 2023.

Benefitfocus (NASDAQ: BNFT) provides a leading cloud-based benefits management platform that simplifies how organizations and individuals shop for, enroll in, manage and exchange benefits

benefitfocus.comLinkedInUpdated Sep 29, 2026
Annual revenue
$263.1M
Dec 2021 · SEC filing−2% YoY
Acquired for
$570M
by Voya Financial, Inc · Jan 2023
Employees
1,000
Aug 2020
Customers
200K

Benefitfocus revenue

Benefitfocus' annual revenue was $263.1M in December 2021, its last figure before Voya Financial, Inc bought it (SEC filing). That is down 2% from $268.1M a year earlier.

$0
$100M
$200M
$0
–
$268.1M
$263.1M
20002001–1920202021
ReportedFounded 2000 at $0; every reading has its own bar
All 2 revenue readings, with sources
As ofRevenueSource
Dec 2020$268.1MSEC filing
Dec 2021$263.1MSEC filing

Who owns Benefitfocus

Voya Financial, Inc owns Benefitfocus. It bought the company in January 2023 for $570M (SEC filing).

Benefitfocus CEO, founders & employees

Matt Levin founded Benefitfocus in 2000 and led it as CEO. Benefitfocus had 1,000 employees (August 2020).

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1,000
1,000
2020
ReportedOne figure per year; a reported figure wins over an estimate

Benefitfocus FAQ

What was Benefitfocus' revenue?

Before Voya Financial, Inc bought it, Benefitfocus' annual revenue was $263.1M in December 2021, according to an SEC filing.

Who owns Benefitfocus?

Voya Financial, Inc owns Benefitfocus. It bought the company for $570M in January 2023, according to an SEC filing.

How many employees does Benefitfocus have?

Benefitfocus had 1,000 employees in August 2020.

Who founded Benefitfocus?

Matt Levin founded Benefitfocus in 2000.

How this page is sourced

2 from public sources. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.

Updated Sep 29, 2026Data disclaimerReport a correctionClaim this profileRun Benefitfocus? Join the podcast