Category: Infinisource

INFINISOURCE BENEFIT SERVICES ACQUIRES POLESTAR BENEFITS

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INFINISOURCE BENEFIT SERVICES ACQUIRES POLESTAR BENEFITS

ACCEL KKR | Aug 29, 2018

Coldwater, MI – August 28, 2018 – Infinisource Benefit Services, a leading COBRA and consumer-directed health administration company, has acquired Polestar Benefits. Polestar Benefits is based out of Lake Oswego, Oregon, and offers COBRA administration, as well as FSA and HRA services.

“The acquisition of Polestar is part of Infinisource’s growth strategy, building a stronger presence in the Northwest,” commented Jody Oliver, president and CEO of Infinisource Benefit Services. “As a market leader, Infinisource continually seeks to acquire strong, regional benefits administration companies in order to expand our customer portfolio and better serve the marketplace.”

Infinisource was founded in 1986 as COBRA Compliance Solutions, Inc. with a strong focus on the newly enacted COBRA law. With more than 30 years of experience, Infinisource focuses on the customer experience and providing impeccable service. The company has processed more than 11 million COBRA premiums and over 7.5 million FSA and HRA claims. Infinisource provides helpful solutions, including participant resource centers, user-friendly mobile apps, and checklists, toolkits and guides. By combining years of experience and expert services, Infinisource delivers comprehensive, scalable, and high-value outcomes that provide customers with a significant business advantage.

“We are excited to officially welcome the customers and staff of Polestar Benefits,” Oliver said. “Since Polestar Benefits has a customer-centric culture similar to that of Infinisource, the transition is expected to be smooth and their customers now have a myriad of additional products and services to help them navigate and succeed with their employee benefits.”

 

About Infinisource Benefit Services

Infinisource Benefit Services has been a leader in the COBRA and benefits administration industry since it started in 1986. Over the past 30 years, Infinisource Benefit Services has grown and expanded to include administration for COBRA, Flexible Spending Accounts, Health Savings Accounts and Health Reimbursement Arrangements. Over 11 million COBRA notices have been generated without a single adverse judgment or penalty. Infinisource Benefit Services has also processed more than 7.5 million FSA/HRA claims, and that number continues to grow. With 30 years of experience comes a unique understanding of employers’ needs and how to best provide for those needs. For more information, visit www.infinisource.com.

Infinisource Acquires Leading Human Capital Management Technology Firm Qqest

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Infinisource Acquires Leading Human Capital Management Technology Firm Qqest

ACCEL KKR | Dec 18, 2012

Company Becomes Largest Single-Source Provider of Workforce Tools for Small and Medium Employers

Charlotte, N.C. (Dec. 18, 2012) Infinisource, a leading provider of human capital management technology, announced today it has acquired Qqest, the company behind popular time-and-attendance software TimeForce®. The new company is now the largest provider of human capital management solutions designed for small to medium-size employers.

The acquisition of Qqest doubles the size of Infinisource and results in a company with more than 63,000 customers, including the World Champion San Francisco Giants, Washington Redskins, Nintendo USA and several of the Inc. 500 fastest growing companies in the country. The combined company will retain the Infinisource name and will focus on deepening existing relationships by delivering a single application for HR, Payroll, Benefits, Time Management and Compliance.

The acquisition comes on the heels of several strategic growth initiatives for Infinisource. In addition to establishing its headquarters in Charlotte, N.C., earlier this year and announcing plans to hire more than 160 employees there, the company launched Infinisolved HCM®, a proven cloud-based SaaS technology that delivers everything employers need through one platform of human capital management tools – accessible from one login, anywhere and anytime.

“This is a huge win for Infinisource, Qqest and our combined 63,000 customers. With the addition of Qqest, we now own and control a single solution for all ‘must have’ employer services – HR, Payroll, Time Management and Benefits,” said Gary Trainor, CEO of Infinisource. “Together, we are wellpositioned to become the industry’s most trusted provider of workforce management tools for small to medium-sized employers, who traditionally have been underserved.”

The company’s management team is comprised of individuals from both Infinisource and Qqest. Former Qqest CEO and President Burke Plummer will stay on as an advisor during the integration.

“The Infinisource deal will strongly reinforce the existing presence of both companies, with our TimeForce® software continuing as a great complement to Infinisource’s HCM product or as a standalone option,” said Plummer. “Beyond the great technology combination, it will provide more resources to grow our business and meet our clients’ needs.”

The company will maintain headquarters in Charlotte, and will continue to operate divisions in Coldwater, Mich. and Sandy, Utah.

Midspan Advisors served as exclusive advisors to Qqest in connection with this transaction.

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About Infinisource Inc.

Founded in 1986, Infinisource is a nationally recognized leader of Human Capital Management technology solutions that was recently named to the 2012 Inc. 5000 list of fastest-growing companies. Infinisource offers Infinisolved HCM®, a single application for HR, Payroll, Time and Attendance and Benefits Administration, as well as administration for COBRA, Flexible Spending Accounts, Health Savings Accounts and Health Reimbursement Arrangements. For more information, please visit www.infinisource.com.

About Qqest

Qqest Employer Services provides real solutions to today’s complex employee management issues. With over 46,000 customers, Qqest helps clients manage their small to mid-size businesses by offering a broad spectrum of products and services for time and attendance, payroll and human resource management.