(PRWEB) October 25, 2011
Zywave, Inc., a leading provider of enterprise software solutions for insurance brokers, today announced that it has reached a definitive agreement to acquire Emerging Information Systems Inc., EISI. The transaction is expected to close in the next 30 days.
EISI, based in Winnipeg, Canada, is a leading provider of needs-assessment and financial planning software tools. Their flagship products, NaviPlan and Profiles, are the preferred choice for more than 250,000 financial professionals. Since 1990, EISI's customers have used their needs analysis and financial planning software to help improve efficiency, increase client engagement and enhance client relationships. Their blue chip customers include 11 of the top 25 banks in North America, 17 of the top 25 brokers, 3 of the top 5 Canadian insurance companies and 7 of the 10 largest U.S. life insurance companies.
Zywave provides SaaS-enabled business management applications to insurance brokerages, including customer relationship management, business analytics and technology-enabled content tools. Used by 90 percent of the Top 100 U.S. insurance agencies, Zywave solutions enable firms to efficiently manage their back office operations, compete for new business, service existing customers, and track customers and prospects and related activities.
Serving similar yet distinct markets, Zywave and EISI share a proud history of entrepreneurial roots, customer-centric operations, and unrivaled, first-to-market software products that keeps them at the forefront. "We admire EISI's expertise and demonstrated ability to deliver and support tailored solutions that have made them the technology partner of choice in the financial advisory industry. We look forward to combining our capabilities to support our clients' ever-evolving business needs," said Bill Haack, founder and CEO of Zywave.
"Zywave's proven track record as a highly regarded innovator and commitment to advancing next-generation financial planning technology for advisors and their clients make it the ideal partner to build on EISI's 20-year legacy," said Dr. Mark Evans, founder and CEO of EISI.
Together, insurance and financial firms will have access to the broadest range of leading technology solutions to drive new levels of performance. "We are pleased to combine complementary EISI and Zywave solutions together to offer our clients unparalleled products designed specifically to strengthen their long-term success," said Jim Emling, president and COO of Zywave.
Zywave is a leading provider of software-as-a-service ("SaaS") enterprise automation solutions for the employee benefits and P&C insurance distribution industry. The company's solutions include technology-enabled content and communication, agency automation, and business intelligence and analytics, designed to help insurance brokers of all sizes gain profitable market share. With more than 2,500 clients, including 90 percent of the Top 100 agencies, Zywave's applications help brokers more easily and successfully sell and service new and existing clients while improving their own agency's internal productivity. For additional information, visit http://www.zywave.com.
EISI, developer of NaviPlan and Profiles software, offers the broadest selection of needs-assessment and financial planning tools in North America. Industry-leading software, combined with incomparable service and unrivaled scale, makes EISI the technology partner of choice for more than 250,000 financial professionals. Learn more at http://www.eisi.com.
This press release was distributed through PR Web by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.