Archive for March, 2011
Mass. Capital is pleased to announce a new investment in HighRoads, Inc., a privately-held, Woburn-based company.HighRoads offers a complete suite of services for Benefit Supply Chain Management.HighRoads aggregates HR program information into a central repository, automating the procurement, renewal, SPD and vendor management processes for FORTUNE 500 employers.Highroads clients include Staples, Boeing Corporation, General Dynamics and Pitney Bowes.With HighRoads’ technology-enabled consulting, employers have online access to benefit plan information and pricing, competitive benchmarks, and complete benefit supply chain management.The world’s leading employers choose HighRoads to gain control over their healthcare costs and compliance.HighRoads helps employers control health care plan costs, limit the use of costly internal resources, dramatically reduce costly consulting rates, and reallocate savings to improve employee welfare and improve the company’s bottom line. In addition, HighRoads helps employers provide timely and accurate information, which is required by law, on employee benefit programs, reducing legal exposure and meeting compliance requirements.
With the completion of the HighRoads investment, Mass. Capital’s cumulative investments now exceed $600 million.President Dick Anderson commented that “we are delighted to have HighRoads join our portfolio and we are very proud to have achieved this significant investment milestone.During the life of the partnership, Mass. Capital has provided higher risk, long term capital to over 300 companies in Massachusetts.Like so many of our investments, our investment in HighRoads helps support growth.Mass. Capital will continue to be an excellent source of mezzanine capital and long term debt.”