Equisoft, a technology firm focussed on wealth and insurance sectors, has acquired Kronos Technologies, a US-based provider of web and mobile applications for investment and insurance professionals, for an undisclosed sum.
Kronos, established in 2000, has over 12,000 clients. The firm’s offerings include a customer relationship management tool called Kronos Finance and a financial needs analysis tool called Kronos FNA.
Equisoft founder and CEO Luis Romero said: “This is really a situation where the whole is greater than the sum of its parts. By bringing together our respective teams’ skillsets and leveraging the complementarity of our offerings, we are convinced we can better serve our current and future clients in the insurance and wealth management sectors.”
Kronos Finance facilitates centralisation of clients’ insurance and investment data.
Kronos FNA enables financial professionals to gain easy assess to clients’ insurance and investment requirements. The tool can be used on a stand-alone basis or as an add-on to Kronos Finance.
“We’ve always liked what Kronos did on the front end. They bring the missing pieces to our platforms. Their expertise will help Equisoft improve its user interfaces and overall user experience, and Kronos will gain international exposure through our client base in the USA and overseas,” Romero stated.