Benefitfocus Executive Named to South Carolina Tech Executive Forum

Rhea-AI Summary

Benefitfocus (NASDAQ: BNFT) announced Dan Dennis, Vice President and Chief Information Security Officer, has joined the SC Tech Executive Forum, aimed at enhancing South Carolina's technology landscape. This forum, initiated by the South Carolina Council on Competitiveness, seeks to foster economic growth and innovation. Dennis brings over 20 years of cybersecurity expertise and will engage with statewide technology leaders to support the forum's mission of developing a competitive tech workforce. The initiative includes quarterly meetings and strategic planning sessions to strengthen the technology community.

Positive

• Dan Dennis's appointment to the SC Tech Executive Forum enhances Benefitfocus's visibility and leadership in the tech sector.
• The forum aims to drive economic growth and innovation in South Carolina, potentially benefiting local tech companies, including Benefitfocus.

Negative

• None.

CHARLESTON, S.C., March 17, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announces that Dan Dennis, Vice President and Chief Information Security Officer, has been named to the SC Tech Executive Forum, an initiative of the South Carolina Council on Competitiveness.

The initiative was established to accelerate growth and innovation while providing a unified voice for the statewide technology community. Additionally, it aims to develop a strong 21st Century workforce, support entrepreneurs, connect peers and decision-makers, and establish South Carolina as a global hub for innovation.

"I'm proud to assume this role on the Forum and play a part in making South Carolina competitive in a crucial global market," Dennis said. "As part of one of the leading and largest technology companies based in the state, I know the role technology currently plays in the state's economy. I look forward to working with other leaders from across South Carolina to help create an environment that produces more growth and opportunity in the future."

Dennis oversees Benefitfocus' security vision and enforcement and leads a team of security professionals accountable for cybersecurity, security risk management, information protection, security testing and monitoring, incident response, regulatory compliance, third-party assurance, business continuity and disaster recovery. He has more than 20 years of experience as a cybersecurity leader for large and mid-sized global firms. Dennis holds a Bachelor of Science in finance and marketing from Boston College.

The Executive Forum will conduct quarterly meetings, in addition to an annual strategic planning session. The meetings bring together technology and cybersecurity leaders from throughout South Carolina in industry, education, government, and support initiatives. Through their collective input, the Forum seeks to help drive South Carolina towards an environment that makes it competitive in a global market and fosters and supports the technology industry and all the industries that technology supports.

The South Carolina Council on Competitiveness is a nonpartisan, business-led non-profit organization committed to advancing the long-term economic competitiveness of the state, industries, and citizens. The Council's work is accomplished through actionable research on opportunities and threats to South Carolina's competitiveness; support of industry clusters including aerospace, logistics, technology and cybersecurity; and education and workforce development initiatives that ensure all South Carolina's citizens are equipped to compete in a global economy.  

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About Benefitfocus 
Benefitfocus (NASDAQ: BNFT) unifies the entire benefits industry through innovative technology solutions that bring efficiency, cost savings and simplicity to employee benefits administration. Our powerful cloud-based software, data-driven insights and thoughtfully designed services help employers, insurance brokers, health plans and suppliers address the complexity of benefits enrollment and engagement, while bringing easier access to health, wealth and lifestyle products through a world-class benefits experience. Our mission is simple: to improve lives with benefits. Learn more at www.benefitfocus.com, LinkedIn and Twitter.

DISCLAIMER REGARDING FORWARD LOOKING STATEMENTS 
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: volatility and uncertainty in the global economy and financial markets in light of the evolving COVID-19 pandemic and uncertainties arising from the recent U.S. elections; our continuing losses and need to achieve GAAP profitability; fluctuations in our financial results; our ability to maintain our culture, retain and motivate qualified personnel; the immature and volatile market for our products and services; risks related to changing healthcare and other applicable regulations; risks associated with acquisitions; cyber-security risks; the need to innovate and provide useful products and services; our ability to compete effectively; privacy, security and other risks associated with our business; and the other risk factors set forth from time to time in our SEC filings, copies of which are available free of charge within the Investor Relations section of the Benefitfocus website at http://investor.benefitfocus.com/sec-filings or upon request from our Investor Relations Department. Benefitfocus assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

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SOURCE Benefitfocus, Inc.

FAQ

What is the significance of Dan Dennis being named to the SC Tech Executive Forum?

Dan Dennis's appointment is significant as it positions Benefitfocus as a leader in the South Carolina technology community, which could enhance its strategic partnerships and influence.

How does the SC Tech Executive Forum benefit Benefitfocus?

The forum can benefit Benefitfocus by fostering collaboration among technology leaders, potentially leading to business opportunities and innovations.

What is the mission of the SC Tech Executive Forum?

The mission of the SC Tech Executive Forum is to accelerate growth and innovation in South Carolina's technology sector and develop a competitive workforce.