Empyrean Benefit Solutions, Inc. Strengths, Domain Expertise, and Key Differentiators
Empyrean Benefit Solutions manages employee health and welfare benefits programs, combining the industry’s most modern, client-adaptive, and configurable benefits technology platform with expert, responsive service to deliver Hi-Touch Benefits Administration.
Empyrean Benefit Solutions, Inc. Recent Developments
In October 2021, Empyrean benefits administration technology platform and service provider launch his new website and brand messaging aligned with the organization’s mission to help employers create positive workplace cultures by connecting their employees to life-enriching benefits. Empyrean’s new brand message makes a strong connection between the role benefits play in building a company’s culture and positive organizational outcomes tied to total employee health and wellness. The brand strategy reflects Empyrean’s product roadmap, as the company continues to develop and roll out employee-centric technologies and services along with strategic carrier and service partnerships designed to improve employee experiences and strengthen employer brands.
Empyrean Benefit Solutions, Inc. Mergers and acquisitions (M&A) Activities
In Novembar 2019, Securian Financial Group, Inc. signed a definitive agreement to acquire Empyrean Benefit Solutions, a provider of employee benefits enrollment and human resources administration solutions. Empyrean will remain an independently operated organization,
Empyrean Benefit Solutions, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Empyrean Benefit Solutions, Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Empyrean Benefit Solutions, Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Empyrean Benefit customers.
Empyrean Benefit Solutions, Inc. Overview
Ownership: - Securian Financial Group, Inc
Number of Employees: 600
Functional Market: Benefits Administration,
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
Empyrean Benefit Solutions, Inc. Key Cloud and HCM Applications
Empyrean Benefit Solutions, Inc. HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2019||2020||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Empyrean Benefit Solutions, Inc. Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Empyrean Benefit Solutions, Inc. HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2020 HCM Revenues, By Sub-Functional Markets, $M
Empyrean Benefit Solutions, Inc. HCM Applications Revenues By Verticals, $M:
Empyrean Benefit Solutions, Inc. Total and HCM Applications Revenues by Region:
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Empyrean Benefit Solutions, Inc. Direct vs Indirect sales
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Empyrean Benefit Solutions, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
No. of Empyrean Benefit Solutions, Inc. Customers: 400
No. of Empyrean Benefit Solutions, Inc. HCM Applications Customers: 400
No. of Empyrean Benefit Solutions, Inc. Cloud HCM Customers: x
No. of Empyrean Benefit Solutions, Inc. Cloud HCM Subscribers: 3.6 million
Empyrean Benefit has over 400 clients and 3,000,000 participants on the Empyrean Platform.
Empyrean Benefit Solutions, Inc. Market Opportunities, M&A and Geo Expansions
In June 2019, Empyrean Benefit Solutions launched Empyrean Pilot+, a product-line extension that helps businesses and their employees make better benefits decisions and save money throughout the entire year. Empyrean Pilot+ employs fully integrated data from enrollment to utilization and performs advanced analytics so that the employees can realize cost savings in their doctor visits, prescriptions, procedures, and other care needs.
In March 2019, Empyrean Benefit Solutions launched Empyrean Pilot, leverages over a decade of decision-making data and analytics to guide the employees and make smarter and more confident benefit choices – going beyond medical, dental, and vision coverage to also include voluntary options such as critical illness, hospital indemnity, and accident insurance. During enrollment on the Empyrean Platform, employees receive comprehensive benefits package recommendations based on their demographics, behaviors, risk, and financial needs.
Empyrean Benefit Solutions, Inc. Risks and Challenges
Expanding worldwide is going to be a challenge for Empyrean.
Empyrean Benefit Solutions, Inc. Ecosystem, Partners, Resellers and SI
In August 2019 Empyrean Benefit Solutions, Inc sign a strategic partnership with Benefits Science Technologies (BST). The new partnership provides Empyrean’s clients a leading capability to distill, analyze, and predict the effectiveness of healthcare-related benefit plans they offer.
In May 2019, Empyrean Benefit Solutions finalized the long term lease for its Houston headquarters to remain at its current location. The company moved to the Westchase-area offices as a temporary measure after its prior location was impacted by Tropical Storm Harvey in 2017. In addition to its Houston office, Empyrean has fully operational service centers near Nashville in La Vergne, Tennessee, and in Minneapolis, Minnesota. Empyrean Benefit Solutions partners are Voya, Sun Life Financials, MetLife, Guardian, Unum, BlueCross BlueShield, eyemed, hsabank, ARAG, KROWOFIT, OptumBank, LifeLock, and many others.
Empyrean Benefit Solutions, Inc. Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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