LONDON (Alliance News) - Financial services administration outsourcer Equiniti Group PLC said it has agreed to acquire UK-based firms Marketing Source and Gateway2Finance for undisclosed amounts.
Marketing Source is a data analytics and cyber security firm based in Exeter. It works with clients to mitigate and improve customer targeting and ensures the data companies hold is handled in compliance with regulation in order to minimise the potential for cyber attacks.
Gateway2Finance, meanwhile, is a loan brokerage based in Halifax, West Yorkshire. It will boost Equiniti's loan, mortgage and technology services in the credit market, the UK-listed group said.
"We are delighted to announce the acquisitions of Marketing Source and Gateway2finance. Both businesses are strongly aligned with the group strategy of providing regulatory-driven, technology-enabled services, primarily to the financial services sector, and will contribute to organic growth as we leverage our cross-sell opportunities to existing clients," said Guy Wakeley, chief executive of Equiniti.
Shares Equiniti were down 0.5% to 190.50 pence on Wednesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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