Alight Inc., (NYSE: ALIT) a leading cloud-based human capital and technology services provider, today announced it has acquired ReedGroup, an expert in leave management solutions from The Guardian Life Insurance Company of America®.
Alight’s platform strategy, underpinned by Alight Worklife®, is focused on improving the employee experience while driving measurable outcomes for companies and their people. The acquisition of ReedGroup builds upon Alight’s strategy to support employees and their dependents from hire through retire by adding new content, capabilities and products that have the power to change the way that people interact with HR, their benefits and their employer to power more confident decisions for life.
“Combining the strength of ReedGroup with Alight’s full breadth of capabilities will create a more effective leave experience for both employers and employees,” said Andre Walton, executive vice president, insurance solutions at Alight. “When Alight supports workers through their leave with clinical guidance and expert second opinion services and more, we can help workers care for their health and wellbeing during their time on leave and return to work with a thoughtful eye towards improving outcomes for workers and for their employers.”
Serving clients across 6 continents, including nearly 50% of Fortune 100 companies, ReedGroup is one of the nation’s most experienced and data-driven absence management providers, offering outsourcing, co-sourcing, SaaS and clinical guidelines, all tailored to meet the needs of large employers, insurers and healthcare professionals.
“Alight is leading the employee wellbeing space with products and technology that employers and employees want and need, including the desire for a better employee leave experience. Joining Alight expands the range of offerings we can make to our shared and future clients giving us the ability to make unparalleled innovations in the areas of health and wellbeing,” said Kevin Curry, who served as chief revenue officer at ReedGroup and will be joining Alight to lead the commercial and account management functions for ReedGroup. “ReedGroup’s capabilities help Alight respond to the growing complexity employers are facing as they navigate the ever-changing leave landscape. For over 40 years, we’ve built innovative technologies and offerings that will serve to expand what Alight and ReedGroup can offer their clients.”
Terms of the deal were not disclosed.
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