Friday, August 1, 2014
CONEXIS Acquired By WageWorks
CONEXIS a provider of employee benefits administration and human resources services, has been acquired by WageWorks, a provider of services for employers, including managing pre-tax health accounts, commuter benefits, and more. Financial terms of the all cash deal were not announced. CONEXIS has significant operation sin Orange, California. WageWorks said that CONEXIS will continue to operate out of those offices, as well as Irving, Texas. CONEXIS was formerly owned by The Word & Brown Companies. WageWorks said the buy will add $23.0 million to $25.0 million in revenue for the remainder of 2014.