Equisoft, a global digital solutions provider to the financial industry, has acquired UK-based financial services firm Altus. Altus’ suite of products and deep market penetration adds to Equisoft’s product portfolio and expands its presence within the financial services space with a transaction platform for pension administrators and asset managers.

Altus has presence in the UK’s Life and Pension, Insurance, Investment and Wealth sectors, providing digital products and services to over 150 clients and financial institutions. This acquisition reinforces Equisoft’s position within the financial services space as a leader in digital transformation solutions.

“The new combined expertise of Equisoft and Altus positions us to lead the UK pension transfer market and makes us a strong contender in the European market,” commented Luis Romero, Founder and CEO, Equisoft. “Joining the forces of both companies will allow us to better serve our clients by automating complex back-office processes across the investments value chain. These include investment portfolio transfers, pension fund trading, pension payroll and tax reporting.”