News
EISI in the big leagues
EISI’s acquisition of its largest competitor has catapulted the company to the top of the financial planning technology world on a global scale, according to an Investment Executive article titled EISI’s Acquisition Puts it in Big Leagues.
Now the sole developer of both the NaviPlan and Profiles product lines, EISI offers the broadest selection of financial planning tools in North America, and anticipates its 2007 revenue to nearly double that of 2006 as a result.
Founder, President, and CEO of EISI, Dr. Mark Evans, says in the article that by combining the two strongest financial applications in the industry under one corporate entity, EISI gains increased financial stability: “It gives us recurring subscription and licensing fees. Almost 75% of our combined revenue is subscription-based licensing revenue. Until now, we have had 50%-60% service- and 40%-50% customer-based revenue, which is less stable and predictable.”
Offering an industry perspective is Matt Schott, director of research at Needham, Mass.-based TowerGroup Inc. (an industry consultant): “The combined entity, by far and away, has the most seats in the market. It expands EISI’s presence across the broker-dealer and insurance communities.”
Read more about EISI’s successful rise from a doctoral project for a university on the Canadian prairies to the dominant vendor of financial planning software in North America at InvestmentExecutive.com.
