Acquisition enhances Alight’s benefits intelligence capabilities to help employees make more informed decisions and enable employers to increase engagement, optimize utilization and manage the benefits ecosystem performance
Alight, Inc. (NYSE: ALIT), a leading benefits administration provider of health, wealth and leave solutions, today announced its acquisition of Abett, a healthcare and benefits data technology company, that acts as a data
infrastructure layer for Fortune 500 employers and their benefits vendors.
Abett’s core product, the Data Engine, unifies benefits ecosystem data from medical, pharmacy, partners, point solution vendors and additional data sources, allowing employers to integrate, engage and better measure the impact of their employee benefit programs.
“Employers invest significantly in benefits to support their people, but those investments only create value when employees can find and use the right resources at the right time,” said Rohit Verma, Chief Executive Officer of Alight. “Our ability to turn data into guidance, guidance into action and action into better outcomes for our clients and their people is even stronger with the addition of Abett. Abett will help employers better connect their benefits ecosystem, enable closed-loop navigation and extend data infrastructure capabilities for existing Alight clients and beyond.”
“Abett was built to help organizations put benefits data to work, securely connecting information across the ecosystem so they can understand where there is a need, take action and measure what changed,” said Mike Hanlon, Founder and CEO of Abett. “Alight brings something incredibly powerful to that model: recurring opportunities to reach millions of people while they are actively making benefits decisions. Together, we have the opportunity to create better experiences and outcomes for employees while giving employers greater insight into the performance and value of the benefits programs they provide.”
By bringing those capabilities together with Alight Worklife® and Alight’s recurring participant interactions through enrollment, benefits administration, customer care, navigation and ongoing service events, Alight is well-positioned to guide people during the moments that matter most as they make decisions about their health, finances, retirement and benefits.
Terms of the deal were not disclosed.
About Abett
Abett's Data Engine is a healthcare and benefits data platform that enables data management at scale, reliably and securely, for leading employers, health solutions, and consultants. The Data Engine integrates data sources across the benefits ecosystem, enables tailored engagement to connect members with the right services, and measures outcomes of benefits programs. Learn more at abett.com.
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