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Industry Spotlight > Broker Dealers

PlanSource Buys Enwisen Broker Tools

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A benefits administration technology firm has bought a broker communications and decision support tools operation from another company.

PlanSource, Boulder, Colo., a unit of CoAdvantage Holdings Inc., Orlando, Fla., has acquired the broker tools business from Enwisen Inc., Novato, Calif.

Enwisen sold the broker tools business because it wants to focus on selling benefits, human resources and employee communications tools to large and midsize employers, Enwisen says.

PlanSource bought the broker tools business to complement the tools it already offers brokers, PlanSource says.

The price of the deal was not available.