(October 26 – 11:20 ET) – Sun Life Assurance Co. of Canada today announced that it has completed the acquisition of 30% of the common shares of SECLON Inc. and seclonLogic inc.
Located in Don Mills, Ont., Seclon is a privately held technology business focused on the design and development of internet web-based applications and software solutions for the Canadian financial services marketplace, in general, and the group pension and benefit plan marketplace, in particular.
SECLON Inc. holds the intellectual property, copyrights and trademarks related to the SECLON products and services. seclonLogic inc. provides consulting, development and marketing services to SECLON Inc.
“This investment demonstrates our commitment to internet-based technology,” said Marcel Gingras, executive vice president, Canadian Operations, Sun Life Financial Services of Canada Inc. “Seclon provides a unique blend of technology, web / software development, and actuarial expertise, under one roof. This relationship will enable us to provide enhanced web services to our group clients and plan members. In addition, the Seclon relationship will also provide Sun Life Financial with a qualified partner to design and implement new web-based software applications in all parts of our financial services business.”
-IE Staff