Emerging Information Systems Inc., (EISI) a leading provider of financial planning software to the advisor community, today announced that its shareholders have reached a definitive agreement to sell the firm to Zywave Inc. The deal is expected to close in mid-to late November.

EISI is best known in the financial advisory community for its popular Profiles Forecaster, Profiles Professional and NaviPlan financial planning solution. According to EISI, their Profile Professional and NaviPlan products are used by over 250,000 financial professionals. EISI also provides private labeled and custom software solutions for financial institutions.

Zywave, a Milwaukee, Wis.-based firm, is not well known in financial planning circles, but it is an established name in the insurance industry. The firm provides "software as a service" (SaaS) applications to the insurance industry. SaaS applications typically are located in a central location and accessed by users from a Web site.

According to Zywave's Web site, their product line currently includes agency management solutions, lead generation solutions, marketing solutions, client resource portals, claims analytics and more. According to Zywave, 90% of the top 100 insurance agencies in the U.S. use their solutions.

"Zywave's proven track record as a highly regarded innovator and commitment to advancing the next generation financial planning technology for advisors and their clients make it the ideal partner to build on EISI's 20-year legacy," said Mark Evans, founder and CEO of EISI.  

Bill Haack, founder and CEO of Zywave, said the firm looks forward to combining capabilities with EISI. "We admire EISI's expertise and demonstrated ability to deliver and support tailored solutions that have made them the technology partner of choice for the financial advisory industry," he said.

-Joel Bruckenstein