Benefitfocus Recognized in South Carolina Governor's State of the State Address Governor Nikki Haley congratulates leading cloud-based benefits software company on significant expansion
CHARLESTON, S.C., Jan. 24, 2014 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits software solutions, today announced its recognition as a leader in job creation in South Carolina during the annual State of the State address by Governor Nikki Haley in Columbia, SC. Governor Haley invited Shawn Jenkins, President and CEO of Benefitfocus, to attend the State of the State address where the company was recognized for its significant achievements in South Carolina. The company recently announced its intention to create 1,200 new jobs with a campus expansion at its Daniel Island headquarters in Charleston.
Benefitfocus provides a software platform that is designed to simplify the complexities of the evolving healthcare and benefits landscape. The company completed a successful initial public offering on the NASDAQ Stock Market in September 2013. This past December, Governor Haley joined Jenkins and other community leaders at the groundbreaking of the campus expansion that will triple the size of the company's footprint from 13 acres to 40 acres on Daniel Island. Governor Haley was also present on Daniel Island for the unveiling of the Benefitfocus Design + Engineering Building in December 2012, providing a space where software engineers can develop their skills and talent for designing technology solutions that streamline benefit enrollment and management for employers and insurance carriers.
"The success Benefitfocus has experienced comes from a combination of great work ethic, strong company environment, and a dedicated skilled workforce," said Gov. Haley. "Benefitfocus cares for its associates and together they have worked to make the company what it is today. The Benefitfocus team has made South Carolina incredibly proud and demonstrated why we will remain highly involved in the tech industry."
Previously, Benefitfocus was recognized both for its rapid growth and unique culture. In 2012 and 2013, the company was named one of the best places to work in the state by the South Carolina Chamber of Commerce. The company also received the Trailblazer Award in 2013 from the Charleston Metro Chamber of Commerce, acknowledging its commitment to creating cutting-edge technology and its impact on the Charleston region.
"Benefitfocus is committed to a culture of design and engineering," said Shawn Jenkins, President and CEO of Benefitfocus. "It's an honor to be recognized by Governor Haley for what we have accomplished as a company and what we will continue to accomplish as we grow in South Carolina and elsewhere. As we expand our campus footprint and have more associates join the Benefitfocus Team, we plan to extend and develop our culture within a larger community. With this expansion and the continued support from the state, we look forward to growing the knowledge-based economy in South Carolina."
The first phase of the campus expansion project, a 145,000 square foot Customer Success Center, is expected to be completed in the first quarter of 2015.
The State of the State address was delivered by Governor Haley at 7 p.m. on January 22 at the State House in Columbia, SC. South Carolina ETV broadcast live coverage.
Benefitfocus, Inc. (NASDAQ: BNFT) is a leading provider of cloud-based benefits software solutions for consumers, employers, insurance carriers and brokers. Benefitfocus has served more than 20 million consumers on its platform, that consists of an integrated portfolio of products and services enabling clients to more efficiently shop, enroll, manage and exchange benefits information. With a user-friendly interface and consumer-centric design, the Benefitfocus Platform provides one place for consumers to access all their benefits. Benefitfocus solutions support the administration of all types of benefits including core medical, dental and other voluntary benefits plans as well as wellness programs. For more information, visit www.benefitfocus.com.
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: the immature and volatile nature of the market for our products and services and other factors that could impact our anticipated growth; management of growth; the need to innovate and provide useful products and services; changes in government regulations; reliance on key personnel; competition, privacy, security and other risks associated with our business; and the other risk factors set forth from time to time in our SEC filings, copies of which are available free of charge within the Investor Relations section of the Benefitfocus website at http://investor.benefitfocus.com/sec.cfm or upon request from our investor relations department. Benefitfocus assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
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