7 February 2019 08:15
From left to right: Olivier Lafontaine, head of products (Equisoft), Daniel Brisson, senior vice president, vision and innovation (AGEman), Nathan Carey, president (AGEman), Luis Romero, CEO (Equisoft), François Levasseur, vice-president, Canada (Equisoft), Ray Adamson, vice-president, business development (Equisoft) and Steeve Michaud, chief operating officer (Equisoft).
The provider of technology solutions for the insurance industry Equisoft has acquired the business of management systems, agency Solutions AGEman, of Montreal.
So, it is now possible for Equisoft to connect to all canadian insurance companies in the form of files CITS available in the systems of AGEman. The exchanges between insurers, distributors, and agents have thus become more ” fluid “, according to the buyer.
“To enrich the offer [of Equisoft]”
Equisoft also says that the acquisition allows it to “complete” its range of integrated solutions in Canada. The company account of the central systems and sales for insurers, systems of processing of sales for general agents and tools of first-line for brokers and advisors.
“The technological AGEman is unbeatable : it built its brand for more than 30 years and has twenty prestigious clients in the market of general agents specialized in life insurance and national accounts. Its technology comes to enrich our offer by making the bridge between the central systems of the insurers and the front-end applications advisors “, points out Luis Romero, president and CEO of Equisoft.
Financial strength and stability to grow
“This is excellent news for our company and our customers,” adds Nathan Carey, president of AGEman. We join a company which enjoys not only a good presence and reputation at home and abroad, which will benefit our growth, but who also possesses a vast pool of specialized resources to support our product development in the long term. “
Equisoft argues that the passage of AGEman in her lap to allow him to grow and ” provide the financial strength and stability required to continue to innovate.”
The terms of the transaction were not disclosed.