WageWorks Overview

  • Year Founded
  • 2000

Year Founded

  • Status
  • Private

  • Employees
  • 896

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
Primary Industry
Other Financial Services
Primary Office
  • 1100 Park Place
  • Suite 400
  • San Mateo, CA 94403
  • United States

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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 00000 000 Completed Profitable
13. Secondary Transaction - Open Market 20-Mar-2015 00000 Completed Profitable
12. Secondary Transaction - Open Market 28-Mar-2014 00000 Completed Profitable
11. Secondary Transaction - Private 13-Aug-2013 00000 00000 00.000 Completed Profitable
10. 2PO 13-Mar-2013 00000 00000 00000 Completed Profitable
9. 2PO 04-Oct-2012 00000 00000 00000 Completed Profitable
8. IPO 10-May-2012 000.00 00000 00000 Completed Profitable
7. Later Stage VC (Series E) 06-Jun-2011 000.00 00000 00000 Completed Generating Revenue
6. Later Stage VC (Series D) 13-Mar-2007 $16M $86.6M 00000 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 0,000,000 00.000000 00.00 00.00 00.00 00 00.00 00.000
Series E 0,000,000 00.000000 00.00 00 00.00 00 00 0.000
Series D 0,000,000 00.000000 00.00 00.00 00 00 00.00 0.000
Series C 0,000,000 00.000000 00.00 00.00 00 00 00.00 00.000
Series B 00,000,000 00.000000 00.00 00.0 00 00 00.0 00.000
Series A2 0,000,000 00.000000 00.00 00.00 00 00 00.00 0.000
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
896 As of 2021
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00000 000000000 0000
Atlanta, GA
0000 As of 0000
0.00 0000-00-00
000000&0

000000

commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit es
00000 000000000 0000
Salt Lake City, UT
00000 As of 0000
000.00
000000000 000.00
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WageWorks Competitors (7)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Elavon Corporate Backed or Acquired Atlanta, GA 0000 000000&0
00000000 0000000 Private Debt Financed Salt Lake City, UT 00000 000.00 000000000 000.00
00000 000000 Private Equity-Backed Mason, OH 000 000000000000
00000000 000000000 Venture Capital-Backed Oakland, CA 00 00000000000
000000000000 Corporation Draper, UT 0000 00.000 000000000 00 00.000
You’re viewing 5 of 7 competitors. Get the full list »

WageWorks Patents

  • 2

    Total Documents Applications and Grants

  • 000

    Total Patents Families

  • 2

    Granted

  • 000

    Pending

  • 000

    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 000000000 00
US-7529700-B1 Single-source multi-conduit apparatuses and methods for adjudicating pretax expenses Active 10-Jul-2001 000000000 0

WageWorks Executive Team (16)

Name Title Board Seat Contact Info
Stacy Chiang Project Manager
Edgar Montes Senior Vice President
You’re viewing 2 of 16 executive team members. Get the full list »

WageWorks Board Members (11)

Name Representing Role Since
Richard Berkeley JD Camden Partners Board of Director 000 0000
Stuart Harvey Jr. Self Chairman & Board Member 000 0000
You’re viewing 2 of 11 board members. Get the full list »

WageWorks Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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WageWorks Acquisitions (13)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Tango Health (Health Savings Account Business) 03-Oct-2017 0000000000 Other Healthcare Services
ADP (CHSA & COBRA business) 28-Nov-2016 0000000000 00000 Other Insurance 000000 00
Wageworks (COBRA Business) 26-May-2016 0000000000 Human Capital Services 000000 00
CONEXIS Benefits Administrators 01-Aug-2014 0000000000 00000 Insurance Brokers 000000 00
Crosby Benefit Systems 01-May-2013 Merger/Acquisition 00.00 Human Capital Services 000000 00
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WageWorks Subsidiaries (2)

Company Name Industry Location Founded
TransitCenter Other Services (B2C Non-Financial) New York, NY 2000
Choice Strategies A Division of Wageworks Insurance Brokers Williston, VT 0000
To view WageWorks’s complete subsidiaries history, request access »