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Sedgwick Aquires Absentys

12/1/2014

 

MEMPHIS, Tenn., Dec. 1, 2014 /PRNewswire/ -- Sedgwick Claims Management Services, Inc., announced today that it has acquired software application developer and service provider Absentys, LLC.

 

Based in Chattanooga, Tenn., Absentys builds technology platforms designed to help employers ensure compliance with federal and state leave and accommodation regulations. Its proprietary, web-based LeaveLink® and ADALink® software solutions help companies navigate the framework of the Family and Medical Leave Act (FMLA), state-specific leave laws, the Americans with Disabilities Act (ADA) and the ADA Amendments Act of 2008 (ADAAA).

 

Absentys's state-of-the-art software solutions are easily configured to meet each employer's unique needs and allow for self-administration or co-sourcing of leaves of absences and accommodation requests. The company's software platforms currently administer leaves of absence and accommodation requests for more than 500 organizations and 3 million workers.

 

"The complex and ever-changing legal requirements associated with employee leaves of absence and accommodations under the FMLA, ADA and ADAAA make it difficult for employers to consistently manage these areas and ensure compliance," said David A. North, Sedgwick president and CEO. "Combining Absentys's powerful software solutions with Sedgwick's current capabilities allows us to not only bring our industry-leading expertise to organizations seeking to self-administer their employee absence and accommodation programs, but also to augment our technology-enabled claims and productivity service offerings for large employers."

 

Sedgwick Claims Management Services, Inc. is the leading global provider of technology-enabled claims and productivity management solutions. Sedgwick and its affiliated companies deliver cost-effective claims, productivity, managed care, risk consulting and other services to clients through the expertise of more than 12,000 colleagues in some 275 offices located in the U.S., Canada and the U.K. The company specializes in workers' compensation; disability, FMLA, and other employee absence; managed care; general, automobile, and professional liability; property loss adjusting; warranty and credit card claims services; fraud and investigation; structured settlements; Medicare compliance solutions; and forensic investigations. Sedgwick and its affiliates design and implement customized programs based on proven practices and advanced technology that exceed client expectations. Sedgwick's major investors are KKR and Stone Point Capital LLC.

 

StoneRidge Advisors, LLC acted as the sole financial advisor to Absentys on the transaction.

 

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