Liazon Rising on Fast-Growing Biz List

August 22, 2012 Updated Aug 22, 2012 at 7:37 AM EDT

By WKBW News
By Business First by Tracey Drury

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August 22, 2012 Updated Aug 22, 2012 at 7:37 AM EDT

BUFFALO, NY (WKBW) - A Buffalo insurance services firm was ranked No. 132 on the 2012 Inc. 500 list of the nation's fastest-growing companies.

Liazon Corp. recorded company growth of 2,417 percent over the past three years, with total revenue of $4.5 million last year.

The Inc. 500 is an annual ranking of the 500 fastest-growing private companies in the United States by Inc. magazine.

Founded in 2007, Liazon provides online benefits management, allowing clients to shop for insurance, healthcare and other services in its Bright Choices online store.

With offices in Buffalo, New York City and Waltham, Mass., Liazon employs about 75 with about 50 of those based in its downtown Buffalo site at 737 Main St.

This spring, the company announced a nationwide expansion financed by $18.2 million in venture funding led by Bessemer Venture Partners and Fidelity Biosciences, with follow-on funding from existing investors Bain Capital Ventures and Rand Capital SBIC. Total VC funding to the company exceeds $35 million. Revenues for 2012 are on pace for $6 million.

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