Benefitfocus Expands Operations, Opens Office in New York City

CHARLESTON, S.C., April 2, 2018 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits management software, today announced the opening of its office in New York City. The company's new office is located at 135 Madison Avenue, New York, NY 10016.

This expansion effort broadens Benefitfocus' operations in the key Northeast region of the United States (U.S.), allowing the company to move closer to its expanding platform customer base, including employers, insurance carriers and brokers. A significant number of large enterprise employers in the region already rely on the Benefitfocus platform to optimize benefit offerings and provide employees with access to a greater choice of core and voluntary benefits. It is also a strategic talent market from which Benefitfocus can draw experienced professionals to enhance its industry leading team of associates.

"Adding New York City to our U.S. office network creates a local presence in a key geographic benefits market," said Ray August, President and CEO of Benefitfocus. "We already have a very strong base of customers in the region and now we'll be able to provide them with even more robust customer service, truly working as a partner to help simplify benefits administration."

As Benefitfocus continues to grow its company footprint in the U.S., the New York City office opening comes on the heels of the office that opened September 2017 in Salt Lake City, UT. Expanding the geographical scope of its office locations allows Benefitfocus to strengthen its relationships with carrier, employer and broker partners, and pursue additional organic growth opportunities.

About Benefitfocus
Benefitfocus (NASDAQ: BNFT) provides technology and services that improve the way employers of all sizes manage their benefits investment. Through a combination of powerful cloud-based software, data-driven insights and thoughtfully- designed services, we provide employers, their brokers and insurance carriers with a single partner to deliver a world-class benefits experience. Learn more at www.benefitfocus.com, LinkedIn and Twitter.

Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results or performance might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: our ability to compete effectively; management of growth; reliance on key personnel; our ability to maintain our culture and recruit and retain qualified personnel; the need to innovate and provide useful products and services; changes in government regulations; the immature and volatile nature of the market for our products and services and other factors that could impact our anticipated growth; fluctuations in our financial results; general economic risks; 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-filings 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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SOURCE Benefitfocus, Inc.