Benefitfocus reports record growth

Benefitfocus.com Inc., a Daniel Island-based provider of software and services for the health care benefits market, announced a 160% year-over-year revenue growth, extensive new product development and a major expansion in 2006.

Benefitfocus experienced 211% annual compounded growth throughout 2006 and signed up 12 major health insurance plans representing more than 10 million members. The company marks its seventh year of growth and fourth year of profitability.

Benefitfocus’ flagship products, Benefitfocus eEnrollment and Benefitfocus eBilling, received significant enhancements and the company rolled out spin-off versions eEnrollmentXpress and eBillingXpress, products that were specifically developed for small businesses. This helped drive the completion of Benefitfocus’ new 140,000-square-foot corporate headquarters.

In October 2006, Benefitfocus moved its 300 employees into the new headquarters. In addition, 300 new high-tech positions are expected to be filled within the next 36 months. Job opportunities range in scope from software development and engineering positions to customer relationship and project management opportunities. The new facility is the result of a $25 million capital investment.