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WEBSITE
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SECTOR
Enterprise Technology and Services
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INVESTMENT YEAR
2013
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STATUS
Realized, Acquired by Securian Financial in 2019
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LOCATION
Houston, TX
Empyrean Benefit Solutions
Provides benefits administration technology and services to employers, insurance brokers, and healthcare exchanges.
Investment Theme
Need to drive enterprise efficiencies by outsourcing non-core functions (benefits administration).
“Our partnership with FTV provided valuable expertise supporting our growth journey. They collaborated with us as we enhanced our team, including helping to recruit a new CRO. Empyrean completed an acquisition, and the FTV team was instrumental, contributing valuable M&A guidance throughout the process. We also benefitted from FTV’s follow-on financing support to help drive further company growth initiatives. And when the time was right to exit, FTV played a key role in banker selection and process management, ultimately resulting in a great outcome for the company and shareholders.”