Kanetix has tightened its grip in the online rate comparison industry, acquiring Rates.ca.
The acquisition of the financial services and insurance rate comparison website from VerticalScope Inc., further broadens Kanetix's reach and strengthens its position in the online rate comparison industry in Canada, which continues to show significant growth potential, according to a press release from the company.
“The move signifies Kanetix's commitment to growing its interests in the insurance and financial services industries online, as well as the ability to offer more choice to consumers shopping online for financial products,” states the Kanetix release.
Launched in October 1999, Kanetix Ltd. is Canada's leading provider of online quoting technology that connects consumers to insurance companies, brokers and financial institutions.
Through its online financial services comparison marketplaces, Kanetix.ca, InsuranceHotline.com, RateSupermarket.ca and ComparaSave.ca, Kanetix Ltd. allows consumers to compare various insurance products through the web.
Shoppers choose a product, compare rates and complete an online application – or, with the help of Kanetix, connect with the provider to purchase or apply for the product over the phone.
Through its Software as a Service team, Kanetix SAAS develops online quotation systems, mobile solutions, actuarial tools and websites for many of Canada's largest insurance brands.
