Dennis B. Story to Join Benefitfocus as Chief Financial Officer

April 27, 2016

Benefitfocus

Story brings to Benefitfocus more than 30 years of financial leadership experience at both public and privately held companies

Charleston, S.C. – April 27, 2016 – Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits management software, today announced that Dennis B. Story will join the company as chief financial officer effective July 1, 2016. Story is Certegcurrently executive vice president and chief financial officer of Manhattan Associates, Inc. (NASDAQ: MANH), a leading supply chain commerce solutions provider. Story brings to Benefitfocus strategic and financial leadership experience in both the public and private sectors of the financial services and logistics industries.

“We’re excited for Dennis to join the executive team as demand continues to increase for the Benefitfocus Platform.” said Benefitfocus Chief Executive Officer, Shawn Jenkins. “His extensive financial expertise and leadership will be an excellent addition to the team as we continue to scale our platform.”

Story has been with Manhattan Associates since March of 2006, during which time revenue grew to over $500 million annually with improving profitability. He was previously senior vice president of finance for global payment processing company Certegy until its merger with Fidelity National Information Services, Inc. Prior to Certegy, Story held the CFO role at NewRoads, Inc., a privately held provider of outsourced solutions for fulfillment and customer care, and also previously served as a senior vice president with Equifax. Story began his career at Coopers & Lybrand. He holds a bachelor’s degree in accounting from Kennesaw State University where he serves as a foundation board trustee.

“I’m delighted to join Benefitfocus at such an exciting time of tremendous growth and opportunity,” said Story. “During my career, I’ve been a part of great teams responsible for building flexible software platforms that can improve business performance at scale. I see a similar opportunity in the Benefitfocus Platform, and I’m eager to start.”

Story succeeds Milt Alpern who retired March 31, 2016 and will continue to advise the company on a consulting basis until March 2017.

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