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EDC invests$ 12 Million in Equisoft

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18 December 2018 13:30

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Export development Canada (EDC) has invested an amount of 12 million dollars (M$) equity in the provider of software for the insurance industry and heritage management Equisoft. The funds will enable the latter to pursue its strategy of international growth “, by financing strategic acquisitions and development initiatives.”

“The addition of an institutional investor is a first in the history of the company and was an important decision for us,” said the president of Equisoft, Luis Romero. Mr. Romero also pointed out that EDC provides insurance solutions to the business for more than ten years.

“In addition, the international orientation of EDC fits in perfectly with our growth strategy, as we seek to expand our global platform by investing continuously in our people, our products and through international acquisitions. With local representatives in all major regions, EDC can put us in touch with organizations that could become customers or major partners in the world, ” he added.

The “strong management team” and the operational platform of Equisoft is consistent with EDC, ” says Carl Burlock, senior vice-president, financing and growth capital in the State-owned company to a financial remit. “We see a great potential at Equisoft, while financial institutions in all regions of the globe are modernizing their back-office systems, equip their networks of distribution of tools to support the sale of leading edge, and leverage the technology to improve the customer experience. “

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