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Sedgwick Claims Management Services Inc. has acquired Chattanooga, Tennessee-based software developer Absentys L.L.C.
A spokeswoman for Memphis, Tennessee-based Sedgwick declined to disclose the terms of the deal, announced Monday.
Absentys builds software applications that aim to help employers self-administer or co-source leaves of absence and accommodation requests while ensuring compliance with federal and state leave and accommodation regulations, Sedgwick said in the statement. Absentys provides services for more than 500 nationwide organizations and 3 million workers, according to the statement.
“Combining Absentys’ powerful software solutions with Sedgwick’s current capabilities allows us to not only bring our industry-leading expertise to organizations seeking to self-administer their employee absence and accommodation programs, but also to augment our technology-enabled claims and productivity service offerings for large employers,” Sedgwick President and CEO David North said in the statement.
Absentys and its software products will retain their names, and Absentys CEO Gary Harbison will provide strategic direction to both Absentys and Sedgwick during the coming year, the spokeswoman said in an email. Absentys operations will continue in Chattanooga, she said.
Third-party administrator Broadspire Services Inc. is launching a suite of integrated disability and absence management services this fall for employers looking to outsource their leave management.