Verisight Acquires DailyAccess Corporation

March 14, 2014

On January 23 2014, Verisight, Inc. announced that it had acquired DailyAccess Corporation, a retirement and benefit plan services provider. 


On January 23 2014, Verisight, Inc., a retirement plan and consulting services firm, announced that it has acquired DailyAccess Corporation, a retirement and benefit plan services provider.  The combined company will serve over 6,500 retirement plan clients with approximately $30 billion in assets under management.  Both parties work with financial advisors and plan sponsors to service retirement and benefit plans, focusing on 401(k) and other retirement plans, recordkeeping and administration, trust and custodial services, actuarial services, ESOPs, compensation and employee benefits consulting, and third party fiduciary support and health and welfare services.  The terms of the transaction were not disclosed.  Kudu Advisors served as financial advisor to DailyAccess Corporation in connection with this transaction.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions