Technology provider 1st Exchange & N4 has acquired Screen Business, which supplies websites and internet applications for IFAs and providers.
Screen Business managing director James Whelan and technical director Andrew Byham will both join 1st Exchange & N4 and will report to intermediary director Andy Watts and chief technology officer John Cunningham. All eight Screen Business staff will also transfer.
1st Exchange & N4 managing director Chris Noblet says: “Our acquisition of Screen Business delivers a stronger, combined offering, that helps the distribution of financial services. It will be business as usual for all clients, partners and suppliers but with greater potential for improved communications, flexibility, service, and future development.”
Whelan says: “The combination of knowledge, skills and experience can only strengthen and drive us forward in terms of market leadership.”
In June last year, 1st Exchange bought N4 Solutions, which provides distribution and origination software for the financial services industry.
In August 2009, Lloyds TSB Development Capital bought a majority stake in 1st Exchange in a £115m deal.