Volaris Group Expands into the Benefits Administration Vertical Market with Acquisition
December 31, 2012 - TORONTO, ON
Volaris Group (“Volaris”) today announced that it has acquired the assets of Travis Software Corp. (“Travis”), a leading provider of employee health and benefits administration software. The acquisition is Volaris’ first investment in the Benefits Administration vertical market.
Travis was founded in 1986 shortly after the Consolidated Omnibus Budget Reconciliation Act (COBRA) gave workers and their families who lose employment-related health benefits the right to temporarily continue health coverage at group rates. The company’s COBRA administration software solutions – WebCOBRA and TravisCOBRA – help to manage COBRA compliance and are used by more than 500 customers today throughout the United States. In addition, Travis also provides a suite of complementary software solutions for managing employee health and benefits including TravisFlex and TBILL.
“Travis Software is a great business,” said Mark Miller, CEO of Volaris Group. “They are focused on delivering specific solutions to help companies address and manage the complexities involved in COBRA compliance and they have established a solid reputation in the marketplace. This focus and reputation positions them well for future growth and we look forward to supporting them with their goal of becoming a larger provider of enterprise wide health and benefits software.”
“To get to the next stage of growth we needed someone who would understand the complexities involved in delivering software to a highly regulated market. We found that home with Volaris. We are excited by the opportunities that await us as part of the Volaris team,” said Lauren Williams Fischer, Managing Director, Travis Software.
Led by Fischer and operating as a separate entity, Travis Software will continue to serve its customers under the Travis Software brand with a strong management team in place.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies enabling them to be clear leaders within their focused industry. Volaris companies provide specialized, mission-critical solutions to vertical markets around the world including Agri-Food, Asset Management and Logistics, Cultural Collections Management, Justice, People Transportation, Marine and Rental Management. Volaris is an operating group of Constellation Software Inc. Learn more at www.volarisgroup.com.
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