Benefitfocus vs Forma
Benefitfocus is the older company (2000 vs 2017); Benefitfocus is the larger of the two.
Side-by-Side Comparison
| Metric | Benefitfocus | Forma |
|---|---|---|
| Founded | ||
| Founded | 2000 older | 2017 |
| Headquarters | ||
| Headquarters | Charleston, United States | San Francisco, United States |
| Employees | ||
| Employees | 924 larger | 226 |
| Industry | ||
| Industry | Cloud Infrastructure, Health Care, Insurance | Enterprise Software, Health Care, Health and Wellness |
| Funding Stage | ||
| Funding Stage | Acquired | Series B |
| Total Funding | ||
| Total Funding | $995.48M | $57.62M |
| Funding Rounds | ||
| Funding Rounds | 6 | 4 |
| Services | ||
| Services | Benefits Program Management, Billing & Payroll Solutions, Data Analytics Services, Employee Engagement Tools, Compliance Solutions | Not tracked yet |
| Target Customers | ||
| Target Customers | Employers, Health Plans, Brokers & Consultants, Employees | Not tracked yet |
| Taxonomy | ||
| Taxonomy | Benefits ManagementCloud-based PlatformHealth Care AdministrationBenefits Administration TechnologyEmployee EngagementBenefits Enrollment +7 | Flexible Benefits PlatformEmployee WellbeingHealth BenefitsLifestyle BenefitsProgram CustomizationHR Automation +9 |
| Website | ||
| Website | benefitfocus.com | joinforma.com |
About Benefitfocus
Benefitfocus, now a part of Voya Financial, is leveraging its two-decade expertise since its founding in 2000 in the realms of Cloud Infrastructure, Health Care, Insurance, and Human Resources. The company is headquartered in the United States and stands by its mission to enhance life quality throug...
About Forma
Forma, founded in 2017 and headquartered in the United States, is an innovative player in the intersection of Enterprise Software, Health Care, Health and Wellness, and Human Resources. Their core offering—a life benefits platform, branded under their slogan “Benefits that flex to fit™”—empowers com...
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Compiled from the BounceWatch company index. We last looked at Benefitfocus on 21 Jun 2026, and Forma on 4 Aug 2025. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.
