Technology firm O&M Systems is splitting into two as part of a major restructure that will see its software and services arms run as separate businesses.
The software company, O&M Life and Pensions, was formed in 1992 and the services business, O&M Financial Services Ltd, was formed in 2003.
Since 1992 the O&M group of companies have been owned by Graham Miller and Jason Wykes, alongside John Orlopp until he retired in 2001.
Miller will run O&M’s software company, trading as O&M Systems, from O&M’s current offices in Colchester. The company will focus on the mass-market following the launch of O&M Profiler in 2012.
Wykes will run O&M’s services business, which will re-brand and trade as O&M Pension Solutions, from new offices nearby. It will focus on the occupational transfer market including the existing Transvas Profiler software, Transfer Bureau and Transfer Adviser services.
In a joint statement, the directors say: “In the past 20 years, we have jointly created an excellent brand and reputation, but the two businesses are quite different and require our individual focus and attention.
“There will be obvious areas where we can work together. An example of this on-going working relationship is that O&M Systems will continue to provide pension product data and calculations to O&M Pension Solutions for use in the Transvas Profiler software. Overall we feel this restructure will improve deliverables and service for clients of both businesses.”