Pensions software firm Selectapension has been bought by Canadian software business Perseus, as it looks to move into the UK pension and investments space.
Selectapension will join the Constellation Financial Software group, a subsidiary of Perseus, which is a provider of software and services to a select group of public and private sector markets.
But the company has confirmed that Selectapension’s offices will remain in the UK.
Andy McCabe, managing director of Selectapension, said: “We are extremely delighted to be part of the Perseus Group and our vision to provide market leading software for our customers will continue for many years to come.
“Selectapension will maintain its market independence, enabling us to deliver affordable, yet comprehensive tool sets for the entire financial sector.”
Founded in 2004, Selectapension offers software for pensions and investments planning to the financial advice profession.
Last month, the company launched a 'Quote & Apply' tool to help advisers speed up application processes.
The tool will enable advisers to create a product quotation and application without the need to re-key data entered on Selectapension.
Aegon was the first provider to adopt the tool, with the new functionality allowing users to click straight through to the Aegon Platform Sipp.
amy.austin@ft.com
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