Equisoft builds back-office policy administration systems and complementary front-end software for life insurance, wealth and asset management customers, delivered largely as SaaS. Its core offering centers on an integrated life insurance software platform and wealth products, supplemented by system integration and data migration services. The company uses AI and machine learning for data-driven predictions and automation, for example extracting information from contracts and processing onboarding documents to improve efficiency and reduce human error. Founded in 1994 and based in Montreal, Equisoft has grown both organically and via acquisitions (including Altus in 2021 and CompuOffice in 2022) to broaden its product and geographic footprint. Today it reports roughly $150 million in annual total revenue, with 2022 total revenue and annual recurring revenue each growing about 45% year-over-year; it serves over 250 corporate clients and more than 100,000 advisors in North America and employs over 900 people. Management plans further global expansion both organically and through strategic acquisitions, using new funding to strengthen the balance sheet and accelerate product development.

Total raised

$125M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2023