Global investment firm Francisco Partners, which partners with technology businesses, announced that it has signed a definitive agreement to acquire bswift from CVS Health for an undisclosed amount.
The acquisition is expected to close in the fourth quarter, subject to the satisfaction of standard closing conditions.
bswift was founded in 1996, and has since provided software and services to help...
Aetna has agreed to acquire Chicago-based bswift, which offers a technology platform that powers health insurance exchanges, for approximately $400 million. The company, which has about 380 employees will remain a separate business within Aetna led by its current team. Bswift raised about $51 million from Great Hill Partners earlier this year.
“Bswift’s consumer-friendly technology for benefits...
