Crowborough, East Sussex, December 11, 2020 – Selectapension Ltd., the pensions and investment planning software firm, announced today that it has been acquired by the Perseus operating group of Constellation Software Inc. (TSX: CSU), based in Toronto, Canada.
Selectapension’s acquisition is the first for Perseus in the UK pension and investment industry. Selectapension will join the Constellation Financial Software group, which includes software in asset finance and commercial loan portfolio management.
“We are excited to have Selectapension’s employees and customers join the Perseus family,” said Cha Loh, Vice President of Perseus. “Not only are we entering a new industry with the addition of Selectapension, but their experienced team and dedication to innovative products for their customers makes them a strong addition to Perseus and creates a foundation for future growth.”
Selectapension’s software includes Pension Switching, Cashflow & Drawdown Strategies, Investment Switching and Defined Benefit Transfer, and these tools are used by leading IFAs, Paraplanners, Service Providers, Banks, Pension Trustees and Product Providers.
“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,” said Andy McCabe, Managing Director of Selectapension. “Selectapension will maintain its market independence, enabling us to deliver affordable, yet comprehensive tool sets for the entire financial sector.”
Selectapension’s offices will remain in Crowborough, East Sussex, UK.
Established in 2004 by Managing Director, Andy McCabe, Selectapension offers specialist online software for pensions and investments planning for those working in the personal financial advice sector. Selectapension’s software enables financial planners and paraplanners to complete comprehensive analyses, and to research and compare products and providers right across the market in order to make suitable recommendations to clients.