LINCOLNSHIRE -- Alight Solutions, a developer of technology-enabled health, wealth and human capital management and financial solutions, said it will acquire Hodges-Mace, a provider of employee benefits technology, voluntary benefits and custom enrollment services.
Terms of the acquisition were not announced.
Founded in 2004, Hodges-Mace delivers health benefits administration technology and services to more than 500 U.S. employers and over 1.2 million active, benefit-eligible employees. Its SmartBen technology platform enables employees to enroll in, shop for and manage their core and voluntary benefits.
With the acquisition, Alight will be able to meet the needs of employers of nearly any size and level of complexity, the company said in a release. In addition, Hodges-Mace's partnerships with consultants, brokers and carriers will strengthen Alight's reach into the growing health and voluntary benefits technology and services market.
Greg Hodges and Peter Mace, co-founders and co-CEOs of Hodges-Mace, will continue to lead the organization, and Kevin Andrews, president and chief technology officer, and Ron Shah, chief financial and operations officer will remain in key roles once the transaction closes.