ASI Acquires New Jersey-Based ISSI as a Wholly Owned Subsidiary
Advanced Solutions International (ASI), a leading global provider of software and services for associations and not-for-profits, has acquired Innovative Software Solutions, Inc. (ISSI), the leading provider of benefit administration software and services to multi-employer/union affiliated benefit funds.
Alexandria, VA (May 17, 2017) — Advanced Solutions International (ASI), a leading global provider of software and services for associations and not-for-profits, today announced that it has acquired Innovative Software Solutions, Inc. (ISSI) as a wholly owned subsidiary. Based in Maple Shade, New Jersey, ISSI is the leading provider of benefit administration software and services to multi-employer/union affiliated benefit funds in North America.
ASI brings strong technology, infrastructure, management and financial resources to ISSI, all of which complement ISSI’s leadership position, subject-matter expertise, product line, and plans for continued growth and expansion within the Taft-Hartley/Multi-Employer marketplace.
Both companies will continue to support, maintain, and develop their current product lines and ISSI will continue to operate as an independent entity with no material change in management, staffing, or day-to-day operations. Financial terms of the agreement were not disclosed.
"ISSI has a tremendous reputation in the benefit fund administration industry and we know they share ASI’s client-service values and commitment to delivering the highest quality solutions," said Bob Alves, Chairman and CEO of ASI. "Together we bring a unique set of capabilities to serve this market. The future has never looked brighter for both companies."
"We are excited to join ASI as a wholly-owned subsidiary," said Jim Barling, President of ISSI. "With this merger, we now have a partner that values our strong market presence, subject-matter expertise, and exceptionally talented staff. ASI will help us take ISSI to the next level for all our constituents and we are looking forward to this new chapter in our company’s evolution."
Innovative Software Solutions, Inc. (ISSI) is a software company headquartered in Maple Shade, New Jersey, that provides computer system software and services for the administration of multi-employer benefit funds. With more than 250 systems installed in North America, a 160-person staff, and a product suite that covers every facet of multi-employer benefit fund administration, ISSI is the leading provider of benefit fund administration software to fund offices and third-party administrators in the market. Learn more at www.issisystems.com.
Advanced Solutions International (ASI), founded in 1991, is a leading global provider of software and services to associations and not-for-profits and has helped thousands of clients increase operational and financial performance through best practices, proven solutions, and ongoing client advisement. ASI is the provider of iMIS 20, a cloud-based Engagement Management System (EMS) that helps clients connect with constituents, improve retention, and grow revenue.