Mergers and Acquistions News
Categories: Media & Information Services
April 8th 2009, 14:47PM
Trigold and Crystal Software Solutions have announced the details of a merger, creating an enlarged firm offering a new end-to-end technology platform.
Subject to shareholder approval, the two firms will become Trigold Crystal, capable of providing point of sale, case management, business administration and product sourcing through to reporting solutions.
Trigold is currently the supplier of Prospector, a mortgage sourcing service which boasts a 70 per cent market share.
Crystal is the provider of Momentum, a market leading web based point of sales and CRM platform.
Together, Trigold Crystal will use its combined expertise to invest in its services to cover the complete business lifecycle for brokers, networks, clubs, packagers and lenders.
Commenting on the merger, Martin Colyer, managing director of Trigold, described it as an "incredibly exciting" chapter in the growth of the business.
"We are led by our customers and it is now time expand the range of product research and business solution tools we provide for our 22,000 users, as their businesses become more broadly based and use more web based technology," he explained.
According to Trigold, seven out of ten mortgage brokers use their software.
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