January 11, 2011

Exton, Pa.-based iPipeline has acquired the assets of Vancouver-based GaleForce Solutions, a provider of Microsoft Dynamics-based software-as-a-service client management, productivity, compliance and security tools.

The acquisition of the company, which also provides industry-specific integrations for broker-dealers, banks, wealth management advisors, insurance agents and other financial services professionals, is part of a corporate strategy in iPipeline's part to expand into the wealth management, banking and broker-dealer markets, according to CEO Tim Wallace.

"With diversified customers in Africa, the Americas, Asia, Europe, and Oceania, we have taken the first step in creating a global footprint in the financial services industry," Wallace says in a statement. "The planned integration of their products with iPipeline’s Velocity platform will open up straight-through processing for our global financial services clients."

The GaleForce team will continue to operate out of Vancouver. Andrea Evans, EVP of AMS and CRM at iPipeline, will assume executive responsibility.

"As part of iPipeline, we will offer our international client base additional product integrations to improve productivity, streamline processing activities, and automate workflows,” Kirk Herrington, CTO of GaleForce Solutions, says in a statement.

IPipeline announced its own CRM system based on Microsoft Dynamics last October.

ABOUT THE AUTHOR
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, ...