High angle view of businesspeople shaking hands and closing a deal

Montreal-based Equisoft has acquired Kronos Technologies Inc., a Quebec City-based developer of web and mobile applications for the investment and insurance industry, the companies announced on Wednesday.

In particular, Equisoft is adding Kronos Finance, a customer relationship management (CRM) application and Kronos FNA, a financial needs analysis tool, to its product line.

With a growing client base of over 12,000 users, Kronos Finance is a CRM designed specifically for investment and insurance professionals. It allows advisors to centralize all the information related to their clients’ insurance and investment holdings, and provides sales and compliance tools. Kronos FNA helps financial professionals easily assess their clients’ insurance and investment needs.

“By bringing together our respective teams’ skillsets and leveraging the complementary of our offerings, we are convinced we can better serve our current and future clients in the insurance and wealth management sectors,” says Luis Romero, Equisoft founder and CEO, in a statement.

Adds François Levasseur, CEO of Kronos Technologies, in a statement: “While we expect to increase our sales and marketing activities through Equisoft’s worldwide network, our combined offering will facilitate a vertical integration among investment product manufacturers, insurance carriers, distributors, advisors and investors.”