GaleForce is a market leader in providing advanced CRM with client management, productivity, compliance and security tools, and industry-specific integrations to broker-dealers, banks, wealth management advisors, insurance agents, and other financial services professionals. The strategic acquisition establishes iPipeline's immediate Canadian presence and brings additional key employees with CRM and related experience in financial services. iPipeline currently does business with a significant number of Canadian customers.

"The acquisition of GaleForce supports our strategy to establish a presence in Canada and penetrate the wealth management, banking and broker-dealer markets, while expanding our capabilities in the insurance industry. With diversified customers in Africa, Asia, Canada, Central America, Europe, Oceania, South America, and the US, we have taken the first step in creating a global footprint in the financial services industry," said Tim Wallace, CEO, iPipeline. "GaleForce provides their target markets with comprehensive CRM solutions designed to enhance advisor and agent productivity, ensure regulatory compliance, and safeguard transactions, delivering a 360-degree view of all business activities with customers. GaleForce's SaaS-based model and solutions portfolio mesh perfectly with iPipeline's vision to transform ideas into solutions that revolutionize the financial services industry. The integration of their products with iPipeline's Velocity platform will enable straight-through processing for Canadian as well as global financial services clients. We are thrilled to have the GaleForce team join the iPipeline family and are excited about expanding our solutions portfolio."