Software program supplier Equisoft raises $125mn to gas enlargement

Equisoft, the supplier of digital options for the finance business, has secured US$125mn in funding to strengthen its place out there.

It contains $70mn from new backers Investissement Québec and the Authorities of Québec, with the rest coming from present long-time traders. The Montreal-based firm will use the funding to gas worldwide enlargement and R&D, as Equisoft focuses on empowering digital transformation inside wealth and asset administration companies in addition to life insurance coverage firms.

Equisoft has skilled sturdy double-digit natural development during the last 10 years and now serves over 250 monetary establishments in 17 international locations. Extra not too long ago, it has overseen profitable enlargement efforts and grow to be a dominant participant in Latam, the Caribbean and Europe, along with its earlier presence in North America. The corporate is constant to develop its end-to-end life insurance coverage and wealth administration platforms, which energy digital transformation inside main worldwide firms.

Equisoft ‘a pacesetter within the digital transformation race’

“Digital transformation and buyer expertise tasks are now not optionally available,” says Equisoft CEO Luis Romero. “Equisoft’s mission is to assist firms by way of this course of – at any stage of digital maturity – by delivering probably the most trusted options for advanced monetary providers challenges. Our customer-focused method has enabled us to realize the arrogance of a number of the largest monetary establishments all over the world.

“We’re honoured by the belief and funding from our long-time traders and are thrilled to welcome Investissement Québec and the federal government of Québec as new funding companions. Their give attention to home and worldwide development is a superb match with our enlargement technique as we glance to additional develop our international footprint by way of continued funding in our folks, our merchandise and thru worldwide acquisitions.”

Guy LeBlanc, President and CEO of Investissement Québec, provides: “As international monetary establishments race to digitally remodel themselves to satisfy excessive buyer expectations and to adapt to market adjustments, Equisoft has grow to be a world chief. Investissement Québec is proud to assist Equisoft’s initiative to speed up the digital transformation of firms of their business.”