Country for PR: United States
Contributor: PR Newswire New York
Tuesday, July 06 2021 - 14:09
AsiaNet
Equisoft continues global expansion with U.K. acquisition of investment and pension management solutions provider Altus
SYDNEY, Australia and BATH, U.K., July 6, 2021 /PRNewswire-AsiaNet/ --

  -- The acquisition provides Equisoft with strategic product capabilities 
     and complementary expertise within the European financial services market

Equisoft, a leading global digital solutions provider to the financial 
industry, is proud to announce the acquisition of U.K.-based financial services 
firm Altus. Located in Bath, U.K., Altus' suite of products and deep market 
penetration adds to Equisoft's product portfolio and expands its presence 
within the financial services space with a transaction platform for pension 
administrators and asset managers.

Altus occupies an enviable position in the U.K.'s Life and Pension, Insurance, 
Investment and Wealth sectors, providing digital products and services to over 
150 clients and financial institutions. This acquisition reinforces Equisoft's 
position within the financial services space as a leader in digital 
transformation solutions.

"The new combined expertise of Equisoft and Altus positions us to lead the U.K. 
pension transfer market and makes us a strong contender in the European 
market", commented Luis Romero, Equisoft's founder and CEO. ''Joining the 
forces of both companies, each founded on entrepreneurial values, will allow us 
to better serve our clients by automating complex back-office processes across 
the investments value chain. These include investment portfolio transfers, 
pension fund trading, pension payroll and tax reporting.'' added Mr. Romero.

Altus and Equisoft display a tremendous cultural fit when it comes to a shared 
vision of customer-focused and business-driven innovation, mutually reinforcing 
their respective market-leading and specialized consulting expertise.

"As we got to know Equisoft's team, we became increasingly confident this would 
be a perfect marriage of two technology firms, both committed to transforming 
financial services with quality software and solutions, and sharing the 
benefits across clients, staff and communities," added Altus co-founder and 
Managing Director, Kevin Okell. "Given our substantial recent investment in UK 
Fintech startup Finscape, a business analytics platform for the investment 
industry, Altus was looking for a partner who understood its enormous potential 
and the critical role it could play in the investment value chain. Equisoft 
grasped this immediately, committing to further investment in the product and 
to expanding its geographic coverage."

Equisoft is excited to welcome the entire Altus team as the company continues 
to exhibit substantial growth in regions around the world.

About Equisoft 
Founded in 1994, Equisoft ( 
https://c212.net/c/link/?t=0&l=en&o=3218056-1&h=3908748450&u=http%3A%2F%2Fwww.equisoft.com%2F&a=Equisoft 
) is a global provider of advanced insurance and investment digital solutions. 
Recognized as a valued partner by over 100 of the world's leading financial 
institutions in 15 countries, Equisoft offers innovative front-end 
applications, extensive back-office services and unique data migration 
expertise. The firm's flagship products include a SaaS policy administration 
solution, CRM, financial needs analysis, financial planning, asset allocation, 
fund and portfolio analysis, quotes and illustrations, electronic application, 
agency management systems, as well as customer, agent and broker portals. 
Equisoft is also Oracle's largest and most experienced partner for the OIPA 
platform. With its business-driven approach, deep industry knowledge, 
innovative technology, and more than 600 experts based in Canada, USA, Chile, 
Colombia, South Africa, India and Australia, Equisoft helps its clients tackle 
any challenge in this era of digital disruption. For more information about our 
products and services, please visit www.equisoft.com.

About Altus 
Altus was founded in 2005 with a mission to speed up financial services with 
superior technology. Altus supplies specialist consultancy services and 
market-leading automation software to over 150 clients in the investment, 
pensions, insurance and wealth management sectors. Altus employs 90 people and 
is based in Bath. Altus software has been ISO 27001 accredited since 2017. For 
more details about our products and services, please visit www.altus.co.uk.

Resources for journalists: Jean-François Parent, Global PR & Communications 
Manager, Equisoft, Tel: +1 888.989.3141, ext. 70141, 
Jean-Francois.Parent@Equisoft.com

Source - Equisoft Inc.