Equisoft, a digital business solutions provider for the insurance and wealth industries, has purchased Montreal-based AGEman Solutions for an undisclosed sum.

The acquired business develops and offers agency management systems for the Canadian distribution market.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

AGEman’s system enables insurance distributors such as agencies and national accounts, to manage all aspects of their insurance sales process. The system can connect any Canadian agency with all carriers using CITS protocol.

Equisoft CEO Luis Romero said: “AGEman has the best technology out there, a proven track record of over 30 years, and more than 20 prestigious clients in the National Account and MGA Life Insurance Distribution market.

“Their technology will enhance our existing offering by filling the gap between the carrier’s core systems and the agents’ front-end tools.”

Equisoft said that with this latest acquisition it now offers a full set of integrated solutions from life insurance carrier core and sales solutions

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

AGEman president Nathan Carey said: “We’re not only joining a firm that has a strong presence and reputation in Canada and abroad to support our business development efforts, but we’re also joining a firm that has a large pool of specialized resources to support our long-term product development effort.”

Equisoft Canada vice president François Levasseur said: “Our combined insurance and wealth management offering reaches nearly 60 000 advisors, half of which are in Canada.

“This clearly demonstrates the strong presence that we already have in the country, and acquiring AGEman will certainly reinforce our leadership position in Canada.”