Equisoft provides technology solutions to the life insurance industry. Photo by Kevin Ku on Unsplash.

This is the tenth international office for Equisoft and celebrates the firm’s 30th anniversary.

Furthermore, this expansion bolsters the company’s position as a pioneer in digital transformation solutions for the financial services industry.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

In addition, Equisoft has been a technology provider to insurers in the Caribbean since 2012. Equisoft’s work with around twenty insurers in the region created the need for the office to get nearer to the market and its customers, as well as to address surging demands in the Caribbean.

“As we celebrate Equisoft’s 30th anniversary, the opening of our new office in Port of Spain, Trinidad, stands as a testament to our commitment to innovation and client satisfaction. This expansion is a milestone for us and underscores our dedication to meeting the evolving needs of our clients and the industry” said Ruben Veerasamy, Equisoft senior vice president, Caribbean.

In March 2023, Equisoft raised C$125m ($91.77m) in equity investment from new and existing investors.

New backers Investissement Québec and the government of Québec made a C$70m ($51.39m) investment in Equisoft.

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.

The remaining amount came from existing investors Export Development Canada (EDC) and Fondaction.

Set up in 1994, Equisoft plans to use the proceeds to support international expansion both organically and via acquisitions.

The funding will also be used for research and development to further build  Equisoft’s integrated life insurance software platform and wealth and investment management solutions.

Currently, Equisoft claims to serve more than 250 financial institutions across 17 nations.