Zywave to purchase Canadian firm

Wauwatosa-based Zywave Inc. plans to purchase Winnipeg, Manitoba-based Emerging Information Systems Inc., a provider of needs analysis and financial planning software tools.
Emerging Information Systems announced that its shareholders have reached a definitive agreement to sell the company to Zywave, a provider of business management applications to insurance brokerages.
The transaction is expected to close in the next 30 days. Terms of the deal were not disclosed.
“We admire EISI’s expertise and demonstrated ability to deliver and support tailored solutions that have made them the technology partner of choice in the financial advisory industry. We look forward to combining our capabilities to support our clients’ ever-evolving business needs,” said Bill Haack, founder and CEO of Zywave.
“Zywave’s proven track record as a highly regarded innovator and commitment to advancing next-generation financial planning technology for advisors and their clients make it the ideal partner to build on EISI’s 20-year legacy,” said Dr. Mark Evans, founder and CEO of EISI.
“We are pleased to combine complementary EISI and Zywave solutions together to offer our clients unparalleled products designed specifically to strengthen their long-term success,” said Jim Emling, president and chief operating officer of Zywave.