What Equisoft does

Equisoft, founded in 1994 by Luis Romero in Montréal, is a private Canadian fintech providing SaaS software and digital transformation services to the global insurance and investment industries. The company operates across 16 countries with ~900 employees, serving 350+ financial institutions including 35+ insurance carriers with policy admin systems in production. Its product portfolio spans the full insurance value chain — back-office policy administration (Equisoft/manage), AI-powered enhancement suites (Equisoft/amplify), agency management (Equisoft/centralize); front-office CRM (Equisoft/connect), illustration tools (Equisoft/illustrate and Equisoft/illustrate go), e-applications (Equisoft/apply), self-service portals (Equisoft/sync), financial planning (Equisoft/plan), and investment analysis (Equisoft/analyze) — plus UK-specific pension solutions acquired through Altus. Equisoft is Oracle's largest and most experienced OIPA implementation partner globally with a 100% success rate and over 20 years of partnership, supported by proprietary tooling (Equisoft/design IDE) and integrations with major DevOps, version control, and data platforms.

The company generates revenue through SaaS subscriptions (per-seat and tiered licensing across modules), professional services for OIPA implementation, data migration and conversion, and IFRS 17 compliance consulting, plus custom development engagements typically structured as multi-year projects for enterprise clients. Pricing is quote-based rather than publicly disclosed. Equisoft's go-to-market combines direct enterprise field sales targeting large insurance carriers and financial institutions with an inside sales motion for mid-market distributors, BGAs, MGAs, broker-dealers, and regional insurers. The company has scaled through both organic growth and acquisitions (notably Altus in 2021 and VisCalc in 2025), with cumulative institutional investment of approximately $138 million as of the March 2023 $125 million funding round led by Investissement Québec, Government of Québec, EDC, and Fondaction.

Equisoft's strategic positioning emphasizes its AI-native architecture (Equisoft/amplify and agentic AI workflows within Equisoft/manage), validated by Celent's highest 'Luminary' status in both North American and LATAM Policy Administration System reports and XCelent Awards for Advanced Technology. The November 2025 partnership with Databricks establishes a unified data lakehouse foundation for AI-driven transformation. Equisoft holds SOC 2 Type II certification, complies with GDPR (with Google API Limited Use), and adheres to WCAG 2.0 accessibility and UK Modern Slavery Act standards, supporting its enterprise sales motion to regulated financial institutions globally.

Name

Equisoft

Legal name

Equisoft Inc.

Website

https://equisoft.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Equisoft is a Montréal-based private fintech founded in 1994 providing SaaS policy administration, agency management, CRM, illustration, and AI-powered software to 350+ insurance carriers and financial institutions across 16 countries. It is Oracle's largest OIPA implementation partner globally.

Ownership category

akta.pro rank

Product category

Insurance and investment software (policy administration, CRM, and wealth management)

NAICS

Software Publishers (513210), Computer Systems Design and Related Services (54151)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

akta.pro secondary industry

Customer Engagement, CRM & Agent/Broker Enablement Platforms (FSAGAGAD)

Keywords

• Insurance policy administration
• Wealth management software
• Life insurance technology
• Financial services SaaS
• Pension administration systems

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Software Subscriptions: Subscription-based access to policy administration systems (Equisoft/manage), CRM (Equisoft/connect), illustration tools (Equisoft/illustrate), financial planning (Equisoft/plan), agency management (Equisoft/centralize), and other SaaS platforms. Revenue generated from per-seat or tiered licensing.
2. Implementation Services: Professional services including OIPA implementation, data migration and conversion, IFRS 17 compliance consulting. Implementation engagements typically multi-year projects for enterprise clients.
3. Custom Development and Configuration: Custom configuration services using Equisoft/design IDE for Oracle OIPA, bespoke development for complex integrations and system modernization projects.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels8 records

Core offering

Equisoft fundamentally develops and sells a modular SaaS software platform for insurance carriers, distributors, and financial advisors, anchored by its AI-native policy administration system (Equisoft/manage) and supported by complementary modules for agency management, advisor CRM, illustration and quoting, e-applications, financial planning, client portals, and UK-specific pension and investment tools. It also provides professional services including OIPA implementation, data migration, and IFRS 17 compliance consulting, with a long-standing partnership with Oracle as its largest OIPA implementation partner globally.

Product overview

Equisoft offers a comprehensive, modular SaaS platform for insurance and investment industries spanning both back-office and front-office operations. The back-office portfolio includes Equisoft/manage (core policy administration system for life, group, and annuities), Equisoft/amplify (AI-powered enhancement suite with agentic AI and LLMs), and Equisoft/centralize (agency management system). The front-office portfolio includes Equisoft/connect (advisor CRM), Equisoft/illustrate and Equisoft/illustrate go (illustration and quoting tools), Equisoft/apply (eApplication solution), Equisoft/sync (client/agent portal), Equisoft/plan (financial planning), and Equisoft/analyze (investment analysis). UK-specific pension and investment solutions include Equisoft/trade, Equisoft/pay, and Pension Fusion. Services include OIPA implementation (Equisoft is Oracle's largest partner), data migration and conversion, and IFRS 17 compliance. The platform is designed for manufacturers, distributors, and advisors across insurance and wealth management sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Equisoft/manage: Cloud-based SaaS policy administration system for life, group and annuities
• Equisoft/centralize
• Equisoft/amplify
• Equisoft/illustrate
• Equisoft/illustrate go
• Equisoft/apply
• Equisoft/connect
• Equisoft/plan
• Equisoft/sync
• Equisoft/analyze
• Equisoft/design
• Equisoft/transfer
• Equisoft/trade
• Equisoft/pay
• Pension Fusion

Products and services

• Equisoft/manage AI-native, fully integrated SaaS policy administration system for life, group, and annuities, with flexible modules that enable insurer self-sufficiency. Built to run as a cloud-based modern PAS replacing legacy systems, recognized by Celent as a Luminary in North America and LATAM.
• Equisoft/amplify AI-powered suite that works with any Policy Administration System, powered by Agentic AI, ML, LLMs, and data to enhance operational efficiency, automate underwriting and claims, and accelerate product innovation for life insurance carriers.
• Equisoft/centralize Insurance agency management system that connects all stakeholders for streamlined insurance distribution, with commission management and producer/carrier relationship workflows, designed for BGAs, MGAs, and carriers.
• Equisoft/connect CRM software designed for financial advisors to manage client relationships, track leads, and nurture conversions, with Google API integration for email and AI-powered meeting intelligence via the Continuum integration.
• Equisoft/illustrate Advanced insurance illustration software recognized by Celent as industry leader, enabling advisors to present professional, compliant life insurance illustrations to clients.
• Equisoft/illustrate go Turnkey illustration and quoting software that helps advisors quickly generate compliant quotes with minimal setup requirements and zero custom development.
• Equisoft/apply Sales-flow-oriented wizard for electronic insurance applications, enabling fast and seamless policy approvals with e-signature and digital application capture capabilities.
• Equisoft/sync Multi-tenant SaaS advisor and client engagement portal that works with all Policy Administration Systems, enabling self-service capabilities for clients and agents.
• Equisoft/plan Financial planning solution providing comprehensive financial portraits for advisors and their clients, with needs analysis and product recommendation workflows.
• Equisoft/analyze Sales acceleration platform designed to guide investment product comparison and portfolio design for advisors.
• Equisoft/transfer Fully interoperable solution that automates the entire financial asset transfer process from client instruction to reconciliation, designed for the UK financial landscape.
• Equisoft/trade Straight-through-processing investment tool for automating corporate pension fund trading lifecycle and fund administration, designed for UK pension administrators to reduce overhead and improve accuracy.
• Equisoft/pay Automated pension payroll gateway and HMRC reporting solution supporting flexible payment schedules for quicker payroll processes and reduced overhead for UK pension administrators.
• Pension Fusion Pension dashboard solution supporting the UK Pensions Dashboards Programme (PDP), backed by decades of knowledge and proven expertise in pensions systems and data for UK pension administrators.
• VisCalc SaaS illustration software for U.S. life insurance carriers, providing cost-effective, agent-centric solutions available in both desktop and cloud-based deployments.
• OIPA Implementation Services Professional services for Oracle Insurance Policy Administration (OIPA) implementation, delivered by the world's largest and most experienced OIPA implementation partner with a 100% success rate and proprietary Equisoft/design IDE tooling.
• Data Migration and Conversion Data migration and conversion services for policy administration system modernization, enabling insurers to transition from legacy systems to modern platforms with 70+ completed migrations to date.
• IFRS 17 Compliance Services Regulatory compliance framework services for IFRS 17 insurance contract accounting standard implementation, supporting insurers in meeting the new reporting requirements.

Quantifiable outcome

• 50% reduction in OIPA configuration task time
• +5 more outcomes

Named customers16 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability8 records

Feature12 records

Partnerships

Four partnerships are on record, tiered core.

• DatabrickscoreTechnology or Integration · 18 November 2025Strategic partnership to develop integrated analytics platform for the insurance industry using Databricks' Data Intelligence Platform. Aims to help carriers modernize legacy systems and adopt AI capabilities by reducing legacy system maintenance costs and facilitating AI-driven transformation. November 2025 partnership includes delivery of unified data lakehouse platform for life insurance carriers.
• VisCalc (Acquired)coreStrategic or Co-development Partner · 23 January 2025U.S. life insurance illustration software provider acquired January 2025 to expand end-to-end product suite. Adds cost-effective, agent-centric SaaS illustration solutions that are both desktop and cloud-based, meeting market demand for accessible insurance tools and expanding U.S. market presence.
• Altus (Acquired)coreStrategic or Co-development Partner · 5 July 2021UK-based financial services firm specializing in investment and pension management solutions. Acquired in July 2021 to strengthen Equisoft's position in the UK pension transfer market, expand European presence, and enhance product portfolio with pension and investment management expertise.
• OraclecoreTechnology or IntegrationOracle's largest and most experienced partner for Oracle Insurance Policy Administration (OIPA) implementation globally. Equisoft has delivered 100% success rate across OIPA implementations with proprietary Equisoft/design IDE tool for configuration management. Partnership spans over 20 years with global delivery capacity.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• EIS Group: EIS Group (now part of Epicor) provides cloud-native core insurance platforms (policy administration, billing, claims) for life, P&C, and health carriers. Directly comparable to Equisoft/manage as a competing insurance core systems vendor serving enterprise carriers.
• Majesco: Majesco provides cloud-native core insurance software (Policy, Billing, Claims) for P&C, life, and health insurers, alongside analytics and distribution software. Directly comparable to Equisoft's policy admin and front-office suite targeting mid-market and enterprise carriers.
• Duck Creek Technologies: Duck Creek offers a SaaS suite for policy administration, billing, claims, and rating across P&C and life insurance. Direct competitor to Equisoft/manage in the core insurance SaaS market, especially for greenfield modernization deals.
• Sapiens International: Sapiens provides core insurance software for life, P&C, and annuities, plus reinsurance and financial compliance solutions. Directly comparable to Equisoft/manage, particularly in life and annuities where both serve global enterprise carriers.
• Insurity: Insurity delivers SaaS core insurance software, analytics, and digital solutions for P&C and life insurers. Comparable to Equisoft as a competing core systems and analytics provider for the insurance industry.
• iPipeline: iPipeline provides digital solutions for life insurance sales, underwriting, illustration, and policy administration across carriers and distributors. Comparable to Equisoft's front-office suite (illustrate, apply, connect) and increasingly competing in PAS.

Broad incumbents

• Oracle Insurance: Oracle Insurance is the vendor of the OIPA platform that Equisoft implements and extends. Comparable as the underlying technology partner and broad incumbent in insurance core systems, with overlapping capabilities through Oracle's own cloud insurance offerings.
• EXL Service: EXL is a global analytics and digital services firm with a significant insurance practice spanning claims, underwriting, and operational transformation. Comparable as a broader incumbent offering insurance transformation services that overlap with Equisoft's implementation and AI-led modernization work.
• Cognizant: Cognizant is a global IT services firm with a dedicated insurance practice covering core systems modernization, digital, and AI services. Comparable as a broad incumbent competing for insurance transformation budgets that Equisoft also targets with its OIPA implementation and AI offerings.
• SS&C Technologies: SS&C provides software and services for asset management, wealth management, and financial services, including platform solutions for advisors and broker-dealers. Comparable to Equisoft's wealth management and advisor-side products (connect, plan, analyze, transfer, trade, pay).

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@equisoftadministration6205
• LinkedInlinkedin.com/company/equisoft
• Xx.com/EquiSoft

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Equisoft