(PRWEB) November 11, 2011
Zywave today announced that it has completed the acquisition of EISI, a needs-assessment and financial planning software provider based in Winnipeg, Canada. The companies announced on October 27 a definitive agreement to pursue the acquisition. Financial details of the transaction were not disclosed.
Operating under the Zywave name and executive management team at its corporate headquarters in Milwaukee, Wis. and offices in Winnipeg and Carlsbad, Calif., the firm's combined software-as-as-a-service solutions are the technology choice of 2,500 insurance brokerages and 6,000 financial firms to boost business value. Its 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, 7 of the 10 largest U.S. life insurance companies and 90 of the top 100 U.S. insurance brokerages.
"Zywave's innovative approach and knowledge of the insurance brokerage world, combined with EISI's depth of experience in financial planning, will allow us to deliver an unmatched level of software-enabled business applications and support to firms looking to differentiate, optimize their business and succeed in today's market," said Bill Haack, founder and CEO of Zywave.
Entering the market in 1990, EISI pioneered effective technology solutions for financial sales people, advisors and enterprises. Today, its flagship planning software, NaviPlan, and needs analysis tool, Profiles, are used by more than 250,000 financial professionals. "It's an exciting new chapter for EISI customers," said Dr. Mark Evans, founder of EISI. "Zywave has a deep understanding of the market and will leverage its expertise to build on EISI's unique capabilities, long-standing customer relationships and differentiated solutions, making it a strong and positive fit."
Capitalizing on its software development, data analytics, automation and industry expertise, Zywave is fully committed to providing scalable technology solutions that alter the marketplace. "Zywave tools have been the clear choice for insurance brokers, and we are looking forward to exploring new and innovative ways to deliver even more value and accelerate growth for our financial planning and insurance broker clients alike," said Jim Emling, president and COO of Zywave.
Zywave is the leading provider of software-as-a-service (SaaS) technology solutions for the insurance and financial services industries. The company's products include Web-enabled marketing communications, business intelligence and analytics, agency automation, and needs-assessment and financial planning tools. More than 350,000 financial and insurance professionals, including 90 of the Top 100 U.S. insurance firms and dozens of the world's largest financial institutions, use Zywave's proven solutions to help them differentiate from the competition, enhance client services, improve efficiencies and achieve organic growth. To learn more, visit http://www.zywave.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.