WageWorks Overview

  • Year Founded
  • 2000

Year Founded

  • Status
  • Private

  • Employees
  • 2,204

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $2B

WageWorks General Information

Description

WageWorks Inc is a provider of tax-advantaged programs in the United States. The company specialises in consumer-directed benefits such as health savings accounts, health and dependent-care flexible spending accounts, health reimbursement arrangements, and commuter benefit services, including transit, parking, and wellness programs. With the help of WageWorks, employees use pretax dollars to pay for healthcare, dependent care, and commuter expenses and save money on their payroll tax.

Contact Information

Website
www.wageworks.com
Ownership Status
Privately Held (backing)
Financing Status
Formerly VC-backed
Corporate Office
  • 1100 Park Place
  • Suite 400
  • San Mateo, CA 94403
  • United States
+1 (650)
Primary Industry
Other Financial Services
Vertical(s)
HR Tech, TMT
Corporate Office
  • 1100 Park Place
  • Suite 400
  • San Mateo, CA 94403
  • United States
+1 (650)

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WageWorks Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
14. Merger/Acquisition 30-Aug-2019 $2B Completed Profitable
13. Secondary Transaction - Open Market 20-Mar-2015 Completed Profitable
12. Secondary Transaction - Open Market 28-Mar-2014 Completed Profitable
11. Secondary Transaction - Private 13-Aug-2013 Completed Profitable
10. 2PO 13-Mar-2013 Completed Profitable
9. 2PO 04-Oct-2012 Completed Profitable
8. IPO 10-May-2012 Completed Profitable
7. Later Stage VC (Series E) 06-Jun-2011 Completed Generating Revenue
6. Later Stage VC (Series D) 13-Mar-2007 $16M $86.6M Completed Generating Revenue
5. Debt - General 27-May-2005 $20M $70.6M Completed Generating Revenue
To view WageWorks’s complete valuation and funding history, request access »

WageWorks Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate ($) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series E-1
Series E
Series D
Series C
Series B
Series A2
Series A1 1,725,792 $0.001000 $0.32 $1.36 $4 2x $1.36 2.85%
Series A 50,000 $0.001000 $0.32 $2.35 $4 1x $2.35 0.08%
To view WageWorks’s complete cap table history, request access »

WageWorks Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
WageWorks Inc is a provider of tax-advantaged programs in the United States. The company specialises in consumer-directe
Other Financial Services
San Mateo, CA
2,204 As of 2018

Fargo, ND
 

Atlanta, GA
 
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WageWorks Competitors (8)

One of WageWorks’s 8 competitors is Chard Snyder, a Formerly PE-Backed company based in Fargo, ND.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Chard Snyder Formerly PE-Backed Fargo, ND
Elavon Corporate Backed or Acquired Atlanta, GA
Lively (Financial Services) Venture Capital-Backed San Francisco, CA
Sterling Administration Venture Capital-Backed Oakland, CA
HealthEquity Corporation Lexington, KY
You’re viewing 5 of 8 competitors. Get the full list »

WageWorks Patents

  • 2

    Total Documents Applications and Grants

  • Total Patents Families

  • 1

    Granted

  • Pending

  • Expiring in next 12 mo

WageWorks Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-8392310-B1 Systems for automated identification and processing of qualifying expenses for tax-advantaged accounts and automated initiation of related account transactions Active 28-Jan-2010
US-7529700-B1 Single-source multi-conduit apparatuses and methods for adjudicating pretax expenses Inactive 10-Jul-2001

WageWorks Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

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WageWorks Acquisitions (13)

WageWorks’s most recent deal was a Merger/Acquisition with Tango Health (Health Savings Account Business). The deal was made on 03-Oct-2017.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Tango Health (Health Savings Account Business) 03-Oct-2017 Merger/Acquisition Other Healthcare Services
ADP (CHSA & COBRA business) 28-Nov-2016 Merger/Acquisition Other Insurance
Wageworks (COBRA Business) 26-May-2016 Merger/Acquisition Human Capital Services
CONEXIS Benefits Administrators 01-Aug-2014 Merger/Acquisition Insurance Brokers
Crosby Benefit Systems 01-May-2013 Merger/Acquisition Human Capital Services
You’re viewing 5 of 13 acquisitions. Get the full list »

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WageWorks ESG

Risk Overview

Risk Rating

Updated November, 12, 2019

25.99 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 12,273

Rank

Percentile

Healthcare

Industry

of 471

Rank

Percentile

Managed Health Care

Subindustry

of 16

Rank

Percentile

To view WageWorks’s complete esg history, request access »

Affiliates

Subsidiaries (2)

Name Industry Location Year Founded
TransitCenter New York, NY 2000
Choice Strategies A Division of Wageworks Williston, VT 1999

WageWorks FAQs

  • When was WageWorks founded?

    WageWorks was founded in 2000.

  • Where is WageWorks headquartered?

    WageWorks is headquartered in San Mateo, CA.

  • What is the size of WageWorks?

    WageWorks has 2,204 total employees.

  • What industry is WageWorks in?

    WageWorks’s primary industry is Other Financial Services.

  • Is WageWorks a private or public company?

    WageWorks is a Private company.

  • What is the current valuation of WageWorks?

    The current valuation of WageWorks is .

  • What is WageWorks’s current revenue?

    The current revenue for WageWorks is .

  • How much funding has WageWorks raised over time?

    WageWorks has raised $215M.

  • Who are WageWorks’s competitors?

    Chard Snyder, Elavon, Lively (Financial Services), Sterling Administration, and HealthEquity are some of the 8 competitors of WageWorks.

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