Thinktum Inc. of Waterloo, Ontario has acquired Illustrate Inc. of Overland Park, Kansas & Toronto, Ontario to jointly become the no-code leader in the Insuretech and life insurance industry, building back-office solutions for insurance companies looking for state-of-the-art technology that saves time and money and eliminates errors.

Thinktum was created by David Slabodkin, the founder and original owner of Canada Protection Plan (CPP), which became the largest provider of non-medical/simplified issue life insurance in Canada.

Lyndon Edwards will remain as President of Illustrate Inc. and take over the presidency of Thinktum. Paul Reaburn will become CEO of Thinktum while David Slabodkin will become Chairman of the Board of both companies.