Montreal, Canada, January 10, 2018 – 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 Planning and Investor-facing Offerings
At the end of 2017, Equisoft officialized the acquisition of Apeiron Software Limited, a Toronto‑based software developer best known for its advisor- and investor-facing RetireWare© platform. FirePower Capital acted as Apeiron’s financial advisor in the transaction.
Apeiron has over 20 years of experience designing and developing web-based risk management, financial planning and retirement planning software for financial institutions, advisors and their clients. The company provides banks, brokerage firms, mutual fund manufacturers and insurers with cost-effective configurable solutions based on an extensive portfolio of retirement planning tools.
“Today, financial institutions need to differentiate on customer experience,” says Jonathan Georges, Vice President, Wealth Management Solutions at Equisoft. “Investor-facing technology platforms provide them with a great opportunity to deepen the level of engagement they have with their clients, while helping advisors offer value-added services.”
The Apeiron offering ranges from small applications to large-scale systems, and includes licensing for white-label products. Apeiron’s state-of-the-art financial planning tools and group retirement tools can be integrated in company portals to help investors set goals and monitor progress.
“Apeiron is opening a new chapter in its development,” says Marc Des Rosiers, President of Apeiron, a Fellow of the Society of Actuaries and a Fellow of the Canadian Institute of Actuaries. “We look forward to taking advantage of Equisoft’s industry and technology expertise to bring our current tools to the next level, better serve our clients and set a course for the future growth of our business.”
Planist Ltd.: Adding More Depth to Equisoft’s Financial Planning Solutions
In early January, Equisoft also acquired Montreal-based Planist Ltd. known in the Quebec marketplace for its financial planning web portal.
Planist is a strategic analysis tool designed to assess the overall financial health of a client, to design a retirement planning strategy or to ensure the suitability of specific investment products. By leveraging Equisoft technology, the Planist portal has offered advanced functionalities in a simple, easy-to use platform that has helped advisors and financial planners provide high quality recommendations to their customers since its inception in 1999.
“This acquisition will allow Equisoft to enhance its flagship product, WealthElements, by leveraging some of Planist’s advanced financial planning functionalities, such as retirement income replacement analysis, estate planning, simulation of cash flows in a holding company, and detailed life insurance needs analysis to name a few,” added Jonathan Georges. “This acquisition will also benefit Planist’s client base, by bringing sustainability and a strong commitment from a well-established company to continue to support the loyal Planist user base.”
“We are excited by all the new possibilities these acquisitions bring,” says Equisoft CEO Luis Romero. “Both of them fit perfectly in our corporate strategy to enhance our investor-facing and financial planning offerings. Our clients are increasingly seeking such tools to help advisors better serve their customers, so we definitely plan on integrating some of these functionalities into our existing front-end solutions, WealthElements and InsuranceElements.”
Founded in 1994, Equisoft offers advanced digital business solutions to its clients in the insurance and wealth management industries to support their growth. The firm develops and markets innovative front-end applications (InsuranceElements and WealthElements) featuring industry-leading user interfaces and state-of-the-art technology. In addition, Equisoft is an Oracle Insurance Policy Administration integration partner for some 20 carriers globally. To complete this unique offering, Equisoft brings extensive experience in data migration through its subsidiary Universal Conversion Technologies (UCT). Equisoft has a growing team of nearly 300 specialized resources based in the USA, Canada, Latin America, South Africa and India. Website: equisoft.com
Founded in 1996, Apeiron develops innovative, web-based financial mathematical models and software that help individuals make informed retirement planning decisions for their future. Apeiron’s scalable custom solutions have the flexibility to be integrated in all existing delivery platforms. Apeiron’s advanced tools are tailored to the needs of financial services companies, advisors and their client base, in order to support proper planning and promote value-based decisions. Website: retireware.com
Founded in 1999, Planist Ltd. offers a unique financial portal that provides access to all the analytical tools needed to create comprehensive financial plans and strategies. Planist is dedicated to helping financial services professionals deliver the best possible financial planning analysis, tools, and recommendations. Website: planiste.ca
SOURCE: José Quiroz, Marketing Advisor, 1-888-989-3141, ext. 273, firstname.lastname@example.org