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October 24, 2011 at 02:36 PM
Emerging Information Systems Inc. (EISI), the financial planning software company, announced on Monday that it shareholders have agreed to sell the company to Zywave Inc. The transaction is expected to close by mid-November.
“In the short term, it’s business as usual,” Denis Martineau, senior vice president of business development for EISI, told AdvisorOne. “Zywave is predominantly in the property/casualty software space. We sell to banks, life insurers, brokerages and RIAs. There’s no left-hand turn going on here.”
Martineau was confident the move will benefit EISI clients. ”I think it’s going to be great for our clients because we’re coming off our best year ever,” he said. “They want us to grow.”
According to Winnipeg, Canada-based EISI, the company’s flagship products, NaviPlan, its planning software, and Profiles, a needs analysis tool, are used by more than 250,000 financial professionals.
