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Evive Receives $43M Investment From Susquehanna Growth EquityCHICAGO, Jan. 11, 2018 /PRNewswire/ -- Evive, the leader in enterprise benefits engagement, announced today a $43 million minority-interest investment by Susquehanna Growth Equity, LLC (SGE). This funding represents the first outside investment in the company's 10-year history. Evive co-founders Peter Saravis and Prashant Srivastava will continue in their current roles as Executive Chairman and CEO, respectively. The additional capital will expedite Evive's strategy to expand across the entire benefits spectrum, including not only health but also financial and work/life benefits for large employers. In particular, the investment will accelerate product innovations, broaden the team with subject-matter experts, and advance channel investments. "The benefits navigation space, particularly as it applies to a total-rewards approach to benefits for large employers, is expanding rapidly," says Scott Feldman, Managing Director of SGE. "It's clear from talking to Evive's blue-chip roster of clients and HR thought leaders that the company is leading the way forward." "For a team that's been mission-driven from day one, Evive is thrilled by what this funding will mean for our clients as we further invest in our technology platform," says Evive CEO Prashant Srivastava. "Our clients rely on us to help solve their most pressing benefits issues, and these increasingly are best accomplished with smart and innovative technologies that extend the work Evive is already doing." Evive Executive Chairman Peter Saravis notes that "SGE has a proven track record of backing the long-term growth of SaaS technology companies. Given its entrepreneur-based approach to investing, the SGE team is the ideal partner for Evive's next generation of growth." About Evive About Susquehanna Growth Equity
View original content:http://www.prnewswire.com/news-releases/evive-receives-43m-investment-from-susquehanna-growth-equity-300581637.html SOURCE Evive Health |