CHICAGO, Jan. 09, 2023 -- Jellyvision, the company behind ALEX®, the leading employee benefits engagement technology, announced it has acquired Picwell, a healthcare technology company focused on AI-generated benefits decision support. Together, the two SaaS companies will offer a first-of-its-kind benefits experience for employees, leveraging behavioral science and predictive analytics to deliver highly personalized benefits recommendations and ongoing engagement. Put simply, it'll make employees friends with their benefits—finally.
"There is no one-size-fits-all solution to meet employees' unique health and wellness needs; each person has different wants, which are always changing based on time, circumstance, and even learning styles. But this doesn't mean we throw in the towel," said Amanda Lannert, CEO of Jellyvision. "Now, our joint technology offering will make connections between increasingly complex wellness benefits and the people who need them. We're striving to eliminate waste, complexity, and confusion so employees can finally understand, appreciate, and effectively use their benefits."
Customers of Picwell and Jellyvision's ALEX® can now look forward to experiences that improve health and wealth for employees:
"Health insurance selections are more complex decisions than most people realize," said Brian Morgan, President of Picwell. "We see that without proper education and guidance, people make costly mistakes, both when choosing health plans and using benefits throughout the year. This is why we're thrilled to join forces with Jellyvision to continue working towards our shared vision to simplify the healthcare benefits experience, and empower everyone to make informed health benefits decisions."
Jellyvision is enhancing its market-leading employee benefits software at a time when benefits are increasingly important:
Waller Helms Advisors acted as exclusive financial advisor to Picwell in connection with this transaction.