Worksite Benefit Services, Inc.
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Worksite Benefit Services, Inc. - overview
Established
2002
Location
Birmingham, AL, US
Primary Industry
Business Support Services
About
Worksite Benefit Services, Inc. is a provider of specialized benefits services, focusing on enhancing employee welfare through tailored worksite solutions. The company aims to optimize benefit delivery and employee engagement. Founded in 2002, Worksite Benefit Services, Inc.
operates from Birmingham, US, offering a range of benefits services. In July 2019, the company was acquired by Patriot Growth Partners, LLC, a portfolio company of Summit Partners. The company specializes in providing a comprehensive platform for Macau lottery results and data, particularly focusing on the Toto Macau game. Core offerings include real-time live results, detailed statistical data, and historical outcome tables, which are essential for bettors analyzing trends.
The platform caters primarily to lottery enthusiasts in Indonesia and has evolved to include features such as live streaming of draws and a user-friendly interface, enhancing the betting experience. Worksite Benefit Services, Inc. operates on a revenue model that includes advertising and affiliate partnerships with online betting platforms. Users access live results and data for free, generating revenue through site advertisements.
The company may also offer premium features for advanced data analytics, although specific pricing details are not disclosed. This revenue structure supports flagship services like live draws and data tables, crucial for maintaining user engagement and attracting customers. As part of its growth strategy, Worksite Benefit Services, Inc. plans to enhance its product offerings and user experience through new features aimed at improving data analytics for bettors.
Expansion plans target new markets in Asia, with a specific focus on enhancing its presence in Southeast Asian countries by 2023. Following its acquisition in July 2019, the recent funding will support the development of these initiatives, aiming to leverage new technology and marketing strategies to boost user engagement.
Current Investors
Patriot Growth Partners, LLC
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Claims Administration & Processing
Website
www.worksitebenefitservices.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Worksite Benefit Services, 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 | Completed | Worksite Benefit Services, Inc. | - |
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