EnCompass Education Solutions, Inc.
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EnCompass Education Solutions, Inc. - overview
Established
2011
Location
Burlington, MA, US
Primary Industry
Healthcare IT
About
EnCompass Education Solutions, Inc. specializes in caregiver support services, offering a digital-first platform tailored for organizations to assist employees with caregiving needs for children and elderly family members. Founded in 2011 in Burlington, US, EnCompass Education Solutions, Inc. delivers essential support for caregivers.
In December 2021, LifeSpeak Inc. acquired the company from Bonsal Capital for up to USD 24. 80 mn, marking a strategic move to enhance their service offerings. The current CEO is Florence Catlett, supported by James Bourie and Nolan Garrett.
Torchlight, a product of LifeSpeak Inc. , provides a comprehensive caregiver support platform designed for employers, health plans, and member organizations. Its core product, Torchlight Parenting and Caregiving, offers real-time access to strategies for caregivers of children and elderly loved ones. With over 90 specialized advisors, Torchlight delivers personalized concierge services to assist employees with complex caregiving situations, catering to the 53 million U.
S. adults identifying as caregivers. Torchlight generates revenue through B2B subscription-based partnerships with employers and health plans, allowing organizations to offer caregiver support services to their employees. This model enhances workplace productivity and employee retention through recurring payments, although specific pricing plans for the service have not been disclosed.
Following the acquisition by LifeSpeak Inc. on December 13, 2021, which involved an upfront payment of USD 17. 5 mn and additional shares, the company plans to leverage this partnership for growth. LifeSpeak aims to expand its geographic reach and utilize cross-sell opportunities to deliver mental health and wellbeing education content to Torchlight’s client base and vice versa, effectively enhancing service offerings to current and new markets.
Current Investors
Roynat Equity Partners, Round13 Capital, Kensington Capital Partners
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT, Medical Software
Website
www.torchlight.care
Verticals
Cloud Computing, HealthTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
EnCompass Education Solutions, Inc. - 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, Trade Sale | Completed | EnCompass Education Solutions, Inc. | - |
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