Equisoft, a provider of digital business solutions for the insurance and wealth industries, announced Feb. 7 that it has acquired AGEman Solutions.

AGEman is a Montreal-based digital provider known for its agency management systems designed for the Canadian distribution market. The system allows insurance distributors to manage all aspects of their insurance sales process. It can connect any Canadian agency with Canadian carriers through CITS protocol.

Filling the gap

“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,” said Luis Romero, Equisoft CEO. “Their technology will enhance our existing offering by filling the gap between the carrier's core systems and the agents’ front-end tools.”

“We’re very excited about this positive development for our company and our clients,” said Nathan Carey, AGEman’s President. “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.”

The companies say that together they believe they will add value to the industry by enabling “seamless and bi-directional data flow between the carriers, distributors, and agents.”