An update on Bench.co’s closure on Dec 27 – They were bought 3-days later on Dec 30 by Employer.com
From the press release:
Employer.com, a leader in workforce management and business support solutions, is thrilled to announce the acquisition of Bench Accounting, a premier provider of bookkeeping services and financial solutions for small businesses. … This acquisition reflects Employer.com’s commitment to expanding its portfolio of services and enhancing the value delivered to small business owners. Despite recent headlines concerning Bench’s decision to suspend operations on December 28, we are pleased to reassure Bench customers that Employer.com has been working diligently behind the scenes to ensure a seamless transition.
Some theorize the original investors exited at a loss and the model continues, albeit with a different enthusiasm and spin from the original.
