In Private Exchange News: Towers Watson Acquires Liazon Corporation
Towers Watson announced today that the company had acquired Liazon Corporation. The transaction, which was completed for $215 million, will expand Towers Watson’s private benefit exchange offerings through multiple channels.
According to Tower Watson’s CEO, John Haley: “Liazon has built a growing business by offering customized private exchange approaches through an extensive network of partners. We are delighted to team with them and serve a part of the market that Towers Watson had not previously reached,” said Haley. “As more employers evaluate private exchanges, bringing Liazon into the Towers Watson family will help us — and Liazon’s distribution partners — offer employers scalable, cost-effective and high-performing benefit plans to their employees.”
Liazon co-found and CEO, Ashok Subramanian stated that: “This is a transformational time for benefits in the United States. The combination of Towers Watson’s benefit expertise and OneExchange solution with Liazon’s flexible platform and extensive broker network will create the preeminent private benefit exchange solution for employers of all sizes,” said Subramanian. “By joining Towers Watson, we’ll be better positioned to achieve our top priority — to provide our clients and partners with an even greater array of best-in-class tools, resources and service across all market segments.”