WageWorks, Inc.

WageWorks, Inc.

WageWorks, Inc.

Overview
Date Founded

2000

Headquarters

1100 Park Place, 4th Floor, San Mateo, CA, 94403, USA

Type of Company

Public

Employees (Worldwide)

2,204

Industries

Consumer Services
Other Business & Consulting Services
Human Resources & Personnel Services
Accounting & Financial Services

Company Description

WageWorks Inc We are a leading on-demand provider of tax-advantaged programs for consumer-directed health, commuter and other employee spending account benefits, or CDBs, in the United States. We administer and operate a broad array of CDBs, including spending account management programs, such as health and dependent care Flexible Spending Accounts, or FSAs, Health Savings Accounts, or HSAs, Health Reimbursement Arrangements, or HRAs, and commuter benefits, such as transit and parking programs. We deliver our CDB programs through a highly scalable Benefits-as-a-Service, or BaaS, delivery model that employer clients and their employee participants may access through a standard web browser on any internet enabled device, including computers, smart phones and other mobile devices, such as tablet computers. Our on-demand delivery model eliminates the need for our employer clients to install and maintain hardware and software in order to support CDB programs and enables us to rapidly implement product enhancements across our entire user base. Our CDB programs enable employees and their families to save money by using pre-tax dollars to pay for certain of their healthcare and commuter expenses. Employers financially benefit from our programs through reduced payroll taxes, even after factoring in our fees. Under our FSA, HSA and commuter programs, employee participants contribute funds from their pre-tax income to pay for qualified out-of-pocket healthcare expenses not fully covered by insurance, such as co-pays, deductibles and over-the-counter medical products or for commuting costs. WageWorks is the provider of choice to many of the nation's largest and most innovative companies including: 45% of the Fortune 100 Companies 25% of the Fortune 500 Companies 38% of Working Mother Magazine's Best Places to Work

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Executives & Employees

Chief Compliance Officer

Senior Vice President & Chief Information Officer

Chief People Officer

Chief Sales Officer & Head of Healthcare Product Strategy

Senior Vice President, Corporate Development

Founding Member

Account Executive

Senior Director

Controller

Controller

Board of Directors

President & Chief Executive Officer at HealthEquity, Inc.

Executive Vice President & Chief Financial Officer at HealthEquity, Inc.

Executive Vice President & Chief Operating Officer at HealthEquity, Inc.

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WageWorks, Inc.
Recent Transactions
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HealthEquity, Inc. purchases WageWorks, Inc.

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WageWorks, Inc. purchases Tango Health, Inc. /Health Savings Account Business from Tango Health, Inc.

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WageWorks, Inc. issued USD Common Stock

Transaction Advisors
Auditor

Advised onWageWorks, Inc. issued USD Common Stock

Underwriter

Advised onWageWorks, Inc. issued USD Common Stock

Underwriter

Advised onWageWorks, Inc. issued USD Common Stock

Legal Advisor

Advised onHealthEquity, Inc. purchases WageWorks, Inc.

Managing Director, Investment Banking

Advised onWageWorks, Inc. issued USD Common Stock

Legal Advisor

Advised onWageWorks, Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner at Cooley LLP

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Advisor

Managing Director, Financial Sponsors Group at William Blair & Company LLC

Clients

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Walla Walla University, a Seventh-day Adventist higher education institution, is a community of faith and discovery committed to excellence in thought, generosity in service, beauty in expression and faith in God.

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE EMPLOYEES OF THE EMPLOYERS OBLIGATED TO CONTRIBUTE TO THE FUND UNDER COLLECTIVE BARGAINING AGREEMENTS WITH THE INTERNATIONAL UNION OF OPERATING ENGINEERS.

Key Stats and Financials As of 2018
Market Capitalization
$2.08B
Total Enterprise Value
Earnings Per Share
Revenue
$472M
EBITDA
$104M
Investors
Details Hidden
Details Hidden

Partner at Arrowroot Capital Management LLC

Details Hidden

President & Chief Executive Officer at HealthEquity, Inc.

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