Staffcare provides software and support for flexible benefits and auto-enrolment solutions for a number of employee benefit consultants.
SimplyBiz has acquired approximately 80 per cent of the business. The remaining shares are held by Staffcare’s founder and chief executive Phil Hollingdale and head of global business and workplace savings Graham Jarvis.
SimplyBiz chairman Ken Davy says employee benefits is a growing market which is important to many of the firms SimplyBiz serves.
Hollingdale says: “With the financial backing of SimplyBiz and its understanding of regulation, we will be able to continue to invest in our products and services for our existing clients as well as provide solutions for the wider advisory market.”