Document Management

CompuPay Folds into BenefitMall

Parent Category: ROOT
Wednesday, 02 May 2012
Published Date
Written by The Progressive Accountant

Bernard DiFiore, BenefitMallAustin Ventures has led a round of equity financing that merged BenefitMall, which provides employee benefit plans through a broker network, and CompuPay, a payroll services and software provided. Terms were not disclosed. The payroll operations are now known as CompuPay, a BenefitMall company.

The investor group also included HarbourVest Partners. BenefitMall's CEO Bernard DiFiore and CFO Scott Kirksey keep their titles. CompuPay CEO Charles Lathrop, has become president and chief revenue officer of BenefitMall.The company offers health insurance, benefits, payroll, and related products and services to small-to-medium sized businesses and their employees in the United States.

Headquartered in Dallas, Texas, BenefitMall is a general agency with 32 offices in 11 states and more than 20,000 brokers. CompuPay, based in Miramar, Fla., has 23 offices in 14 states and serves customers in all 50 states.

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