The GroupHEALTH Family of Companies (a subsidary of Munich Re New Ventures) has agreed to acquire a minority interest in CDAT Software Inc, the makers of Oliver Benefits Administration Software. Oliver offers a modular, robust technology platform to Canadian benefits and pension administrators to help them affordably and flexibly scale their administrative operations.

Following the closing of the transaction, Group Health Group Holdings, Inc. (known as the GroupHEALTH Family of Companies) will own a minority interest in CDAT Software Inc.

“CDAT and their Oliver Benefits Administration Software platform is completely aligned with our strategy of creating a more efficient and flexible plan administration solution for Canadian benefits and pension organizations,” says Matt Houghton, CEO, GroupHEALTH Family of Companies. “Not only is CDAT well positioned to grow their market share, their focus on technology-optimized client experiences closely aligns with our goal of transforming the way that Canadians experience benefits.”

Through its investment in CDAT Software, the GroupHEALTH Family of Companies will provide support to a skilled leadership and technical team at CDAT that has built an innovative SaaS platform for the benefits and pension sector. The partnership will allow the CDAT Software team to leverage the GroupHEALTH Family of Companies’ large client base, innovative product suite, and shared services to help propel their continued development.

“Our new relationship with the GroupHEALTH Family of Companies represents an exciting opportunity for us to scale our operations, develop new strategic relationships, and continue to invest in our Oliver Benefits Administration Software platform,” says CDAT Software CEO Gerald Cole. “We’re certain that both our current and future clients will appreciate the opportunities to evolve our platform and invest in client success that this partnership provides.”