SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Nov. 18, 2015--
WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced the completion of its acquisition of Benaissance, a
leading provider of integrated software-as-a-service (SaaS) technologies
and services for healthcare premium billing, payment and workflow
management. Benaissance is now a wholly-owned subsidiary of WEX and will
be part of the Evolution1 business unit.
“The close of this transaction advances our strategy to grow our reach
and enhance our offering in the healthcare space,” said Melissa Smith,
WEX’s president and chief executive officer. “The addition of
Benaissance builds on the success we have already had in this industry,
by enhancing our addressable market opportunity while enabling us to
provide an expanded and differentiated solution to our partners. We are
pleased to be welcoming Benaissance’s team to WEX and look forward to
the opportunities this transaction will bring for the combined business.”
On October 15, 2015, WEX announced plans to acquire Benaissance.
About WEX Inc.
WEX Inc. (NYSE: WEX) is a leading provider of corporate payment
solutions. From its roots in fleet card payments beginning in 1983, WEX
has expanded the scope of its business into a multi-channel provider of
corporate payment solutions representing more than 9 million vehicles
and offering exceptional payment security and control across a wide
spectrum of business sectors. WEX serves a global set of customers and
partners through its operations around the world, with offices in the
United States, Australia, New Zealand, Brazil, the United Kingdom,
Italy, France, Germany, Norway, and Singapore. WEX and its subsidiaries
employ more than 2,000 associates. The Company has been publicly traded
since 2005, and is listed on the New York Stock Exchange under the
ticker symbol “WEX.” For more information, visit www.wexinc.com
and follow WEX on Twitter at @WEXIncNews.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151118006654/en/
Source: WEX Inc.
News media contact:
Jessica Roy, 207-523-6763
Michael E. Thomas, 207-523-6743