Alegeus Technologies Named One of Boston’s Largest Private Companies

Alegeus Technologies Named One of Boston’s Largest Private Companies

<0> Alegeus Technologies, LLCJennifer Irwin, 414-699-5927orPAN CommunicationsNikki Festa, 617-502-4300 </0>

, the market leader in healthcare and benefit payments, today is proud to announce they have been recognized as one of the area’s 100 largest private companies by the . The honor recognizes the company’s size and significant growth over the last year, as compared to other privately held companies in Massachusetts.

“This has been a banner year for Alegeus as we first in late 2012, on our industry-leading consumer directed healthcare (CDH) platform, and recently that has positioned us as the leader in the healthcare consumerism movement,” said Tom Torre, Chief Executive Officer of Alegeus. “It is a real honor to be named among some of the great companies in Massachusetts, and is truly a testament to the hard work and dedication of our employees. This recognition furthers the great momentum we’ve established as we continue to expand our leadership position in healthcare and benefit payments.”

The “Area’s 100 Largest Private Companies” list is based off of 2012 revenues for private companies in Massachusetts. Alegeus, which was acquired in August 2012 by Lightyear Capital, is headquartered in Waltham, MA with offices in Texas, Orlando and Wisconsin, and currently has 80 employees in Massachusetts and 200 employees nationwide.

Alegeus Technologies is the market leader in healthcare and benefit payments – offering the industry’s most comprehensive platform for the administration of tax-advantaged benefit accounts (FSAs, HSAs, HRAs, MERPs, VEBAs, DCAPs and transit accounts), the industry’s most widely-used benefit debit card, and leading services for the outsourced management of claim payments and associated data exchange. Over 500 clients – including health insurance plans, third party administrators and financial institutions – leverage Alegeus’ deep expertise and proven technology to administer benefit accounts for more than 17.5 million members and process more than $18 billion in healthcare payments annually. As the healthcare and benefit markets continue to evolve, Alegeus delivers solutions that enable clients to evolve their service offerings, operate their businesses more efficiently, and focus on their customers. The company is headquartered in Waltham, MA with operations in Carrollton, TX and Milwaukee, WI. To learn more about Alegeus, please visit .

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