Assumption Group announced today that it acquired Tech Knowledge Solutions, (TKS) a technology solutions company, earlier this month. The tech acquisition will help the Group, and Assumption Life in particular, to communicate more effectively with its partners, advisors and clients through the use of innovative technologies, stated André Vincent, president and CEO of Assumption Life in an Aug. 24 announcement.
“Our industry is going through a major transformation including the addition of new players whose activities are focused on the development of leading-edge technologies,” says Vincent.
Leveraging new technologies
The company is also seeking to diversify its product distribution capabilities by leveraging new technologies, says Assumption Group. The new subsidiary will also implement internal projects for Assumption Life, adds Vincent. “The acquisition of Tech Knowledge Solutions comes at a time of significant transformation for the Assumption Life client experience,” he explained. “New technologies are certainly at the core of this transformation aiming to empower consumers to choose the communication method that most effectively meets their needs while also supporting the activities of our traditional partners.”
Tech Knowledge Solutions offices will be located at Assumption Place in Moncton. TKS is Assumption Group’s fifth subsidiary.