Alight Solutions, LLC
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Alight Solutions, LLC - overview
Established
2017
Location
Lincolnshire, IL, US
Primary Industry
Software
About
Based in Illinois, US, and founded in 2017, Alight Solutions, LLC, formerly Aon Hewitt's benefits outsourcing business operates as a provider of cloud-based digital human capital and business solutions. The company was acquired by Blackstone Group and New Mountain Capital in May 2017 and merged with Foley Trasimene Acquisition Corp. in July 2021. The company is listed on NYSE, under the ticker symbol ALIT.
As of February 2024, Stephan Scholl is the CEO of the company and serves over 4300 clients across the world. The firm uses proprietary data analytics and artificial intelligence to optimize business processes as a service to provide outcomes for employers and employees across a comprehensive portfolio of services. The company's solutions include cloud advisory, health and retirement benefits, human resource, talent, and payroll services.
Current Investors
Blackstone Group, New Mountain Capital, Thomas H. Lee Partners
Primary Industry
Software
Sub Industries
Consulting Services, BPO Services, Human Resources Services, Accounting/Finance Software, HR & Workforce Software, Legal Software
Website
www.alight.com
Verticals
Artificial Intelligence, Cloud Computing, Cloud Computing, Mobile Apps
Company Stage
Merged
Total Amount Raised
Subscriber access only
Alight Solutions, LLC - financials
| Fiscal Year Ended | Dec 31, 2017 |
|---|---|
| Revenue (USD) | - |
| % Revenue Growth (YoY) | - |
| EBITDA (USD) | - |
| Operating Income (USD) | - |
| Operating Margin | - |
| % EBITDA Margin | - |
| NET Income (USD) | - |
| % Net Margin | - |
Alight Solutions, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Reed Group Ltd | - | ||||||||
| Add-on, Trade Sale | Announced | Consumer’s Medical Resource, Inc. | - | ||||||||
| Add-on, Corporate Carve Out | Completed | Aon Plc's U.S. Retiree Health Exchange™ Business | - | ||||||||
| Add-on, Trade Sale | Completed | Northgate Information Solutions Ltd. | - | ||||||||
| Trade Sale | Completed | Hodges-Mace, LLC | - |
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Alight Solutions, LLC - employee data
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