Products June 3, 2004

Pyramid Acquires Rights to Emplanet Retirement Technology

March 18, 2003 (PLANSPONSOR.com) - Pyramid Digital Solutions has acquired rights to technology developed by Emplanet, an online 401(k) provider which stepped away from the recordkeeping business late last year.
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Dharmesh Shah, Pyramid president and chief executive, said in a statement this his company was particularly interested in leveraging Emplanet’s data warehousing and content management programs with Pyramid’s products.  Pyramid is a retirement plan software and service provider.

Emplanet announced in November 2002 that it was laying off 44 of its 79-member staff and working with its current client load of 400 retirement plans to find a new RK vendor. The company said it planned to go forward as a technology provider     (See  Emplanet Exits Recordkeeping Business ).

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Several days before that, the company announced that chief executive officer and co-founder Doug Manchester had left and that two other executives had been promoted to fill in the management gaps (See  Emplanet Hit With Management Shakeup ).

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