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OnlineBenefits Agrees To Acquire Captiva

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NU Online News Service, May 20, 2004, 2:04 p.m. EDT – OnlineBenefits Inc., Uniondale, N.Y., has agreed to acquire Captiva Systems Inc., Miami.[@@]

OnlineBenefits develops Web-based personnel management systems.

Captiva, founded in 1997, has developed the CommissionsDue commission tracking software, the new AgencyWare benefit client management system and other agency management software for group insurance brokers.

The price of the deal and other terms were not available, but OnlineBenefits says it will be hiring all of Captiva’s employees.

OnlineBenefits wants to combine AgencyWare and its own products to create a system that can track customers, send documents to customers, perform research, run benchmarking tests and manage workflow, OnlineBenefits says.