Cloud-based human capital and benefits management solution provider: Alight, Inc. (ALIT)

Alight, Inc. (NASDAQ: ALIT) was founded in 1993 and is headquartered in Lincolnshire, Illinois, USA, with 11,500 ren full-time employees (12/31/2018). It is an integrated, cloud-based human capital and benefits management solution provider. Enable customers and their employees to manage their health, wealth and human resource needs.


Alight, Inc. (ALIT):

Alight has more than 25 years of operating history. Its deep industry expertise and technology platform enable the company to meet the complex needs of customers and today’s employees. The company provides solutions to nearly 3,000 employers, including 70 Fortune 100 companies and 243 Fortune 500 companies, serving more than 23 million current and former employees and more than 11 million family members. In 2018, Alight processed more than 375 million welfare and human resources transactions.

Alight solves the following challenges faced by employers and their employees. Alight provides innovative, consumer-centric solutions that enable customers to participate and enable employees to make better choices while controlling costs, managing risks, and driving better business results. When employees start a new job, participate in healthcare or retirement plans, receive salaries or experience various life events, Alight’s solutions enable employees to fully manage their overall health, wealth and overall welfare at work, from employment to retirement .

Alight’s plans include:

  1. Health Solutions: Alight is the number one provider of health technology and management solutions, enabling employees to register and manage their medical, dental and voluntary benefits. In addition, the company also provides employees with consumer-oriented healthcare solutions, such as spending accounts, data and analysis-driven healthcare navigation services.
  2. Wealth Solutions: Alight is the top provider of defined benefit and agreed payment plan management and financial benefit solutions, including wealth navigation tools and participant consulting services.
  3. HCM Solutions: Alight is a leading provider of cloud consulting and deployment, application management services, and human resources and compensation services for cloud platforms. Platforms include such as: Workday , Cornerstone OnDemand, Oracle and SAP Success Factors.

All Alight’s solutions are supported by a series of support capabilities to promote consumer participation and understanding, including digital tools, communication consulting services and Alight partner network, which is a well-designed set of complementary niche provider solutions .

Alight provides its solutions through a proprietary technology platform, a strong strategic partner network and a structured approach to instill and maintain enterprise-wide excellence practices, which the company calls the “Alight Operating Model”. Alight Operating Model helps companies make better decisions based on facts and data, pursue the root cause of performance problems, and take measures before problems occur. The company’s proprietary technologies include Alight’s core benefit processing platform and consumer engagement tools to support its health, wealth, and HCM solutions. Alight’s strategic partnerships with providers such as Alegeus, Personal Capital, and Workday have enhanced the company’s solutions in core areas such as health, wealth and HCM. The tools, functions and culture that make up Alight’s operating model enable it to provide customers with these technologies and partner products with consistency and quality.

Alight serves a wide range of industries, including Fortune 500 companies and mid-market businesses, involving multiple industry verticals, including financial services, retail and hospitality, technology and communications, manufacturing, healthcare and pharmaceuticals, and natural resources.

Alight believes that its deep expertise in welfare and human resources, comprehensive solution suite and deep embedded technology platform make it stand out in the market and provide the company with a significant competitive advantage. In addition, Alight focuses on solving the complex needs of customers, which allows us to build long-term, deeply embedded customer relationships and maintain a high level. For example, as of December 31, 2018, the top 25 solution customers ranked by revenue had an average customer acquisition time of 13 years. In the past 8 years, the company’s solution retention rate reached 97% or higher.

Alight, Inc. (ALIT) investment:

Alight, Inc. (NASDAQ: ALIT) submitted its IPO prospectus on 2/14/2019, and plans to log on to Nasdaq on 3/22/2019. The issue price is US$22.00-25.00, 32 million shares will be issued, and the fundraising will not exceed 920 million US dollars, BofA Merrill Lynch/ JP Morgan/ Morgan Stanley/ Barclays Capital/ BMO Capital Markets/ Citigroup Global/ Credit Suisse/ Deutsche Bank Securities/ Goldman Sachs joint underwriting.

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