The Perkbox Vivup Group is to acquire technology salary sacrifice benefits provider Let’s Connect from workforce benefits and services firm Personal Group.
Let’s Connect’s team, which has a number of partners, and public and private sector clients, will blend into Perkbox Vivup’s operating structure and join its culture.
According to Perkbox Vivup, the acquisition will strengthens its position as a provider of technology-based salary sacrifice benefits. The group was formed earlier this year to create a benefits, wellbeing, and engagement platform.
The acquisition will enable Personal Group to focus on the core areas of its business, while also supporting Let’s Connect’s long-term performance under new ownership.
Simon Moyle, chief executive officer of Vivup, said: “The acquisition of Let’s Connect further strengthens our new group’s ambition to be number one in each of the areas we operate. The merger of Perkbox and Vivup is enabling us to acquire a successful small business that is core to our offering, while supporting the group's overall growth journey. Largely, this is business as usual, employers and partners will continue working with Let’s Connect. The difference is that they and their users gain from a wider range of products from Vivup’s salary sacrifice platform.”
Paula Constant, chief executive of Personal Group, added: “We are delighted to have secured such a well-suited home for the Let’s Connect team and customers. As a value-led organisation we take very seriously the wellbeing of all our staff, and we are pleased that the Let’s Connect team will be joining a business with a similarly strong employee focus. As previously announced, our strategy review has validated the strength of our insurance and benefits platform offerings. This deal enables a greater focus on these core areas of our business, and we are committed to the execution of our strategy for accelerated growth.”
