Ashok Subramanian, who launched Liazon nine years ago with two partners and helped build the employee benefits exchange operator into a business that now employs nearly 300 people in Buffalo, is leaving the company at the end of the month.
Subramanian, who co-founded Liazon in 2007 with Alan Cohen and Buffalo-area native Tim Godzich, will continue to be involved with the company as a consultant, said Abbey Yvon, a Liazon spokeswoman.
Subramanian and his partners launched Liazon as a way to build an online benefits marketplace for employers that foreshadowed the public health insurance exchanges established under the Affordable Care Act. Liazon initially focused on serving small clients but now mainly sets up and manages exchanges for midsize and larger companies.
As Liazon grew, Towers Watson bought the company for $215 million in November 2013, but Subramanian stayed on as its chief executive officer, even helping to convince Towers Watson to allow Liazon to expand in Buffalo rather than at one of its existing locations.
Liazon moved into the Fairmont Creamery building on Scott Street two years ago.
The company in 2014 joined the StartUp NY economic development program that allows expanding business to operate virtually tax-free, pledging to hire 500 workers and invest $5 million over five years at its Buffalo operations.