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.

Zywave is an SaaS-enabled business application provider that serves insurance brokerages. While the two firms serve similar but distinct markets, their entrepreneurial history and customer-centric operations, said EISI, made Zywave an ideal candidate to acquire EISI.

“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,” Dr. Mark Evans, founder and CEO of EISI, said in a statement.

According to a statement by Bill Haack, founder and CEO of Zywave, EISI was chosen for its ability to “deliver and support tailored solutions.”