Asperity Employee Benefits

Asperity Employee Benefits operates a technology platform that compiles third party solutions to provide services which includes discounts on shopping and services to employees of over 700 clients.

Business overview

The company's core product is an employee discount service called Reward Gateway, which is a compilation of third party adapted solutions, the largest discounted employee shopping programme in the UK. In the programs it provides, income from retail firms is passed to their employees in the form of discounts, rebates and cashback on other companies' products and services. The firm has won a number of industry awards and received industry press for some of its initiatives.

It also administers UK government approved Childcare Vouchers and Cycle to Work programmes. In 2010 it added a Reward & Recognition service to the product offering. It publishes an industry magazine "Benefits Connection" comprising articles on strategic issues for HR and reward professionals. Benefits Connection is distributed quarterly to 11,000 readers of Centaur's Employee Benefits Magazine.

In 2009 the company became the first UK benefits provider to attain ISO27001 accreditation for information security. Asperity acquired "Bringme" from Lloyds TSB Bank plc in October 2007 in a deal which added 200,000 employees to Asperity's reach. On 1 December 2010, the company was acquired by Inflexion Private Equity for £25.5m

Awards

Between 2008 and 2011, the company was the 2nd fastest growing technology company in the UK, as listed by the Sunday Times Tech Track 2011. In 2012, it was the 9th fastest growing technology company in Europe, as rated in the GP Bullhound Media Momentum Top 50. In 2011, the company won both the NatWest Fast Growth Business of the Year and the Service Business of the Year in the Fast Growth Business Awards published by Growing Business Magazine.