Equisoft Announces Two Strategic Acquisitions that Further Enhance its B2C and Financial Planning Offerings

MONTREAL, Jan. 10, 2018 /CNW Telbec/ - Equisoft, a leading global provider of digital business solutions for the insurance and wealth industries, is pleased to announce the recent acquisition of two companies that will contribute to strengthening its competitive position across its portfolio of wealth management solutions.

Apeiron Software Limited: Enhancing Equisoft’s Financial Planningand Investor-facing Offerings

At the end of 2017, Equisoft officialized the acquisition of ApeironSoftware Limited, a Toronto‑based software developer best known for its advisor-and investor-facing RetireWare© platform. FirePower Capital acted as Apeiron’s financialadvisor in the transaction.

Apeiron has over 20 years of experiencedesigning and developing web-based risk management, financial planning and retirementplanning software for financial institutions, advisors and their clients. Thecompany provides banks, brokerage firms, mutual fund manufacturers and insurerswith cost-effective configurable solutions based on an extensive portfolio ofretirement planning tools.

“Today, financialinstitutions need to differentiate on customer experience,” says JonathanGeorges, Vice President, Wealth Management Solutions at Equisoft. “Investor-facingtechnology platforms provide them with a great opportunity to deepen the levelof engagement they have with their clients, while helping advisors offervalue-added services.”

The Apeiron offering ranges from smallapplications to large-scale systems, and includes licensing for white-labelproducts. Apeiron’s state-of-the-art financial planning tools and groupretirement tools can be integrated in company portals to help investors setgoals and monitor progress.

“Apeiron is opening a new chapter in its development,” says Marc DesRosiers, President of Apeiron, a Fellow of the Society of Actuaries and aFellow of the Canadian Institute of Actuaries. “We look forward to takingadvantage of Equisoft’s industry and technology expertise to bring our currenttools to the next level, better serve our clients and set a course for thefuture growth of our business.”

Planist Ltd.: Adding More Depth to Equisoft’sFinancial Planning Solutions

In early January, Equisoft also acquired Montreal-based Planist Ltd. knownin the Quebec marketplace for its financial planning web portal.

Planist is a strategic analysis tool designed toassess the overall financial health of a client, to design a retirementplanning strategy or to ensure the suitability of specific investment products.By leveraging Equisoft technology, the Planist portal has offered advancedfunctionalities in a simple, easy-to use platform that has helped advisors andfinancial planners provide high quality recommendations to their customerssince its inception in 1999.

“This acquisition will allow Equisoft to enhance its flagshipproduct, WealthElements, by leveraging some of Planist’s advanced financialplanning functionalities, such as retirement income replacement analysis,estate planning, simulation of cash flows in a holding company, and detailedlife insurance needs analysis to name a few,” added Jonathan Georges. “Thisacquisition will also benefit Planist’s client base, by bringing sustainabilityand a strong commitment from a well-established company to continue to support theloyal Planist user base.”  

“We are excited by all the new possibilities theseacquisitions bring,” says Equisoft CEO Luis Romero. “Both of them fit perfectlyin our corporate strategy to enhance our investor-facing and financial planningofferings. Our clients are increasingly seeking such tools to help advisorsbetter serve their customers, so we definitely plan on integrating some ofthese functionalities into our existing front-end solutions, WealthElements andInsuranceElements.” 

About Equisoft
Founded in 1994, Equisoft offers advanced digital business solutions toits clients in the insurance and wealth management industries to support theirgrowth. The firm develops and markets innovative front-end applications (InsuranceElementsand WealthElements) featuring industry-leading user interfaces andstate-of-the-art technology. In addition, Equisoft is an Oracle InsurancePolicy Administration integration partner for some 20 carriersglobally. To complete this unique offering, Equisoft brings extensiveexperience in data migration through its subsidiary Universal ConversionTechnologies (UCT). Equisoft has a growing team of nearly 300 specializedresources based in the USA, Canada, Latin America, South Africa and India. Website:equisoft.com

About Apeiron
Founded in 1996, Apeiron develops innovative, web-based financial mathematical models and software that help individualsmake informed retirement planning decisions for their future. Apeiron’s scalablecustom solutions have the flexibility to be integrated in all existing deliveryplatforms. Apeiron’s advanced tools are tailored to the needs of financialservices companies, advisors and their client base, in order to support properplanning and promote value-based decisions. Website: retireware.com

About Planist
Founded in 1999, Planist Ltd. offers a unique financial portal thatprovides access to all the analytical tools needed to create comprehensivefinancial plans and strategies. Planist is dedicated to helping financialservices professionals deliver the best possible financial planning analysis,tools, and recommendations. Website: planiste.ca




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