Capita Financial Software is to close its Bishop’s Stortford office, with 13 staff left to decide whether to relocate.
The firm recently moved its headquarters to new offices in Whiteley from nearby Fareham and hopes the remaining staff will make the move from Bishop’s Stortford to Hampshire.
The firm says it is to invest £4m on software enhancements over the next 12 months as it looks to launch its attitude-to-risk tool, Synaptic Modeller in the second quarter as well as a legacy-transfer-analysis tool.
Enhancements will also be made to due-diligence tool Synaptic Comparator.
A CFS spokesman says: “This is not a cost-saving exercise. Our plans will closer align our support team with our product and development teams in Whiteley and we expect to see our customer service improve following close integration of these teams. All the roles affected are still required to support the significant research and development programme we have announced.”