1st-Exchange still on lookout
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1st-The Exchange has not ruled out the potential for further acquisitions following its purchase of N4 Solutions last month.
N4 provides distribution and origination software, including financial planning and mortgage point-of-sale systems.
In the year to March 3, N4 made a profit of nearly £;5m on a turnover of £;11.8m.
1st managing director David Child says: “1st-The Exchange has a strategy over the next three to five years of growing the business.We recognised we needed to continue to evolve and provide more services to customers.”
The company concluded that the quickest way to gain scale was through an acquisition of a complementary software company.
He says: “We are an ambitious business with growth plans. Some of that will be through organic growth and some might be through further acquisitions.”
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