 Benefitfocus, Inc. BNFT, the technology platform driving rapid innovation for employers, health plans and consumers, today announced it has closed the previously announced 80 million preferred stock investment from BuildGroup LLC. BuildGroup is an operator-led, permanent capital investment company for enhanced software-as-a-service SaaS business models. In conjunction with the closing, the Benefitfocus Board appointed Lanham Napier as its lead independent director. Mr. Napier has served as a company director since 2014. 