Capita announces new software spend as it shuts Bishop’s Stortford office

Capita Financial Software is closing its Bishop’s Stortford office but says it is investing £4m in its software solutions over the next 12 months.

The £4m is to be spent developing Capita’s attitude to risk solution, Synaptic Modeller for its launch in Q2 as well as a legacy transfer analysis tool

Enhancements will also be made to due diligence tool Synaptic Comparator.

The firm recently moved its 40-person headquarters to new offices in Whiteley, Hampshire from its previous location in Fareham and has now announced it is to close its Bishop’s Stortford Office.

The 13 roles affected by the Bishop’s Stortford closure are now in consultation under the proposal of being moved to Whiteley.

Capita Financial Software managing director Adam Byford says: “The size and scale of this investment demonstrates our continued commitment to evolving our portfolio of products and services for the adviser community.”