Deals: Equisoft Group Buys Altus

Altus has become part of the Equisoft group, a global digital solutions provider to the financial industry.

Equisoft has headquarters in Montreal Canada plus further offices in the US, South America, South Africa, India and Australia. Altus represents the group’s first acquisition in Europe and there are exciting plans for further growth of both Altus and our Finscape JV.

“Over the last few years Altus has been approached by numerous potential suitors but Equisoft was the standout best fit in terms of both proposition and culture,” says the most recent company update. “Our respective products and services are hugely complementary and we share a common vision of how technology can transform financial services.”

Back in April 2021, Altus bought Finance Active SAS, whilst in May Altus reported a 4.5% uptick in revenues at CAN$137m. Profits were up 50%, according to the statement.

 

About alastair walker 7389 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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