Viverae Secures $6.5 Million in Expansion Funding

Viverae, a national leader in corporate wellness, today announced that the company has received $6.5 million in expansion funding from Frontier Capital. Frontier is a private equity firm that provides growth equity to technology enabled business services companies.

Viverae delivers customized health management solutions that improve the health of its clients’ employees and reduce their medical costs. The company’s comprehensive programs utilize risk-based outreach from trained health professionals, proprietary technology, and advanced health challenges and programs that result in proven return on investment. Frontier’s investment will support expansion of sales and marketing resources and further enhancement of the Viverae’s solutions.

“Over the past four years, we have consistently experienced exceptional growth. This growth can be attributed to the value of our solution as we have become a trusted partner of companies seeking to reduce health care costs and improve the health of their employees,” said Michael Nadeau, Chief Executive Officer of Viverae. “With this funding from Frontier Capital, we will be able to accelerate the development of our innovative technology, build out our operations, and improve upon the industry leading outcomes that have come to define the standards for health management solutions.”

“We have been very impressed with the progress and evolution of Viverae as it has become a market leader,” said Andrew Lindner, Managing Partner of Frontier Capital.  “As a result of its innovative, employer-centric programs and intuitive software platform, Viverae has become an invaluable partner to companies seeking to grow healthier organizations and reduce out-of-control health care costs.  We are pleased to partner with Viverae in accelerating the company’s growth trajectory.”