Via News Release
“Evolution Benefits and Lighthouse1 announced today that they are merging to create Evolution1 offering the nation’s most comprehensive electronic payment, client server and cloud computing solutions for the administration of Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs), VEBAs, Wellness and Transit Plans.
Evolution1 will immediately serve over seven million consumers, 50,000 employers, and 400 administrators, health plans and financial institution partners. Evolution1 partners can expect a passion for partner growth and success, dedication to service, and a spirit of innovation from the new company. “Our new combined name and brand—Evolution1–is designed to symbolize the fact that we are bringing together the best products, best people, and best service in the industry,” said Robert E. Patricelli, industry visionary and Evolution Benefits’ founder and CEO. “
Interestingly, Lighthouse1 was started by that Cahill Adams Managing Principal Jeff Fritz in 2003 (exited 2008).