EXTON, PA — iPipeline® – a leading provider of cloud-based software solutions for the financial services industry – recently announced the acquisition of Bluesun, a leading provider of software solutions to the life insurance and financial services industry in Canada. Bluesun designs software products to automate core business processes for MGAs, national accounts, mutual fund dealers, banks and insurance companies. Their client base includes nearly 70% of all Canadian life insurers and agencies.
“Canadian insurers and financial institutions are looking to rapidly merge into the fast lane of digital transformation. Bluesun has done an outstanding job of steering them in the right direction as a strategic and tactical partner,” said Tim Wallace, CEO, iPipeline. “The acquisition of Bluesun gives us the opportunity to combine the synergies of the two companies and present our Canadian clients across the industry with an innovative, straight-through processing platform strategy that has been proven effective by our U.S. customers. We’re excited about the growth potential and confident about the value we can deliver together through industry leadership and innovation.”
“iPipeline is the clear leader in straight-through processing, platform modernization, accelerated underwriting, wealth management automation, and data analytics, all of which are top of mind for executives in the Canadian market place. The industry is ready to go digital,” said Simon Tomlinson, Founder and Chief Executive Officer, Bluesun. “Bluesun’s software solutions for life insurance sales, case management, and policy administration, when combined with iPipeline’s extensive offerings, will take our clients to the very leading edge and drive sales, settlement and administration of life insurance through any channel the consumer wants to choose. This will now be possible using one partner for every step in the process that takes the consumer from prospect to policyholder using a Canadian multicarrier platform. Our goal is to be a part of every life insurance transaction in Canada, and our acquisition by iPipeline is a huge step forward to accomplishing this mission.”
“For more than a decade, iPipeline has had an intense focus on making strategic acquisitions that cumulatively increase our value to the life insurance and financial services industry. Canada has been in our sights for years, and the acquisition of Bluesun enables us to extend our reach into a geography that is committed to digital transformation,” said Larry Berran, COO and CFO, iPipeline. “Bluesun’s team brings forged relationships based on years of customer engagement. We look forward to the opportunity to extend their value proposition by delivering new innovations to accelerate the pace of business.”
To learn how you can implement iPipeline’s SSG Digital straight-through processing platform to streamline and accelerate new business acquisition and in-force management processes and better engage the digital customer, contact [email protected] or call 1-800-758-0824, option 2.
Source: iPipeline, 222 Valley Creek Blvd., Suite 300, Exton PA 19341
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