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RewardsPlus Redefines Benefits & The Way They Are Delivered Hunt Valley-based RewardsPlus offers benefit-centric technology solutions to employers, employees, and service providers through a comprehensive benefits delivery platform. The RealLife Benefits delivery system includes benefit self-service functionality integrated with the provider's billing and policy systems; consolidated enrollment, management, communication, education, billing, and ongoing servicing of all benefits; and a work/life portal that consolidates and places benefits in real life context to help employees manage benefits, life decisions, and daily living needs. In 1996, the company's founders, Kenneth Barksdale, President & COO, and Jamie Spriggs, CIO, set out to create a new standard for employees to access and purchase benefits. With the help of industry and technology experts, they built the industry's only fully-automated, multi-product, single-slot payroll deduction engine. The first versions of a proprietary suite of integrated Web- based applications included a multi-lingual, tele-Web client service center; user interfaces; a customer relationship management module; an e-trust system; flexible reporting tools; and a full complement of interface technologies. The result was a benefits delivery platform that seamlessly networks data and performs highly complex transactions with no significant programming requirements. RewardsPlus' leading-edge, technology-driven methodology spawned interest from the investor community with the company securing in excess of $97 million since its inception. Major investors include Prudential; Century Capital Partners II, LLP; Capital Z Group; GROTECH; Piper Jaffray Ventures; and UNUM. An employee-owned, privately-held company, RewardsPlus has over 200 employees, including a national sales force. The company and its founders have received numerous awards and recognitions that include Ernst & Young's Emerging Entrepreneur of the Year for Maryland; Portfolio Company of the Year awarded by the National Association of Small Business Investment Companies; PC Computing's 100 Most Wired Companies; Baltimore Business Journal's Who's Who in Technology; and Localbusiness.com's Baltimore's Top 50 to Watch, to name a few. More than 100 Fortune-ranked clients nationwide are taking advantage of RewardsPlus' proven benefit delivery platform. Administering benefits through the RewardsPlus platform, companies such as AT&T, Lucent Technologies, and American Century Investments gain a more robust benefit program that establishes a work/life balance for their employees, while simultaneously reducing administration and cost. RewardsPlus clients enjoy an enhanced corporate image, greater benefits visibility, and increased employee satisfaction.
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