NexPhase Capital Invests in Selerix Systems

Selerix Acquires Steele Benefits

September 4, 2025

Cloud & SaaS

Selerix, a McKinney, Texas-based provider of cloud-based benefits administration, has acquired Steele Benefits, an Indianapolis-based benefits engagement, enrollment and administration firm. The deal combines Selerix's BenSelect platform and compliance tools with Steele's high-touch enrollment and engagement services to expand Selerix's service capabilities for employers, brokers and carriers.

Selerix Acquires TBX (The Benefits eXpert)

February 6, 2025

Cloud & SaaS

Selerix, a cloud-based benefits administration provider based in McKinney, Texas, has acquired TBX (The Benefits eXpert), a Plano-based employee benefits education and enrollment technology company. The purchase integrates TBX's engagement and education capabilities into Selerix's platform to create an all‑in‑one benefits administration SaaS solution that improves employee decision support, enrollment workflows, and data accuracy.

Selerix Acquires SyncStream Solutions

November 26, 2024

Cloud & SaaS

Selerix, a McKinney, Texas–based provider of cloud benefits administration, has acquired SyncStream Solutions, a pioneer in Affordable Care Act (ACA) reporting technology. The acquisition combines Selerix's benefits platform and customer service capabilities with SyncStream's ACA reporting and advisory expertise to create an end-to-end ACA solution for employers, brokers, carriers, and staffing/PEO providers; financial terms were not disclosed.

NexPhase Capital Invests in Insurance Systems Inc.

June 14, 2024

Software

NexPhase Capital has made an investment in Insurance Systems Inc. (ISI), a Toronto-based provider of enterprise policy administration software for the property & casualty insurance market. The capital will support ISI's growth in existing and adjacent markets, product enhancements for integrations, faster implementations and improved analytics; ISI's CEO Casey Kretz will remain in place.

NexPhase Capital Invests in Aztec Software

April 26, 2022

Education

NexPhase Capital has made an investment in Aztec Software, an educational software company serving adult learners and workforce training markets. The capital will support Aztec's growth, expansion into adjacent markets and channels, and execution of its acquisition pipeline; NexPhase partners will join the company's board while Jonathan Blitt remains CEO. Terms were not disclosed.

Nexa Equity Makes Majority Growth Investment in Leap

December 14, 2021

Cloud & SaaS

Nexa Equity made a majority growth investment in Leap, a Columbia, Maryland-based provider of sales enablement software for home contractors. The investment will fund product development, go-to-market expansion and potential strategic acquisitions while Leap's founders and management remain meaningful shareholders.