Exton’s iPipeline, a leading provider of cloud-based software solutions for the financial services industry, has acquired United Kingdom-based TCP LifeSystems, a software solutions provider to life and pension insurance companies in the U.S., U.K., Canada, and Ireland.
The acquisition will allow iPipeline to be better positioned to support the digital ambitions of its customers.
“iPipeline has repeatedly demonstrated the value of its innovations within North America and the U.K., positively impacting the growth of the financial services industry,” said Ashley Hale, managing director at TCP LifeSystems. “TCP LifeSystems’ digital PAS (Policy Administration System) technology has been developed to maximize efficiency and improve the customer journey, and we see this addition nicely complementing iPipeline’s industry-leading offerings.
“By bringing iPipeline and TCP LifeSystems together, we will be able to further streamline processes to deliver outstanding value for the carrier, distributor, agent, and consumer.”
“Our customers’ investments in transformative technology are key to meeting the industry’s evolving needs and to ensuring consumer expectations are met by offering financial solutions when they need them,” said Tim Wallace, CEO of iPipeline. “We are excited about the acquisition and the potential to deliver increasing value to our customers by adding integrated PAS to our platform.”