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TrigoldCrystal plans for life after collapsed Mortgage Brain merger

TrigoldCrystal is planning several upgrades and a new trading platform launch following the collapse of its merger with rival Mortgage Brain.

The software firm today revealed earnings before interest, taxes, depreciation and amortisation of £1.2m in 2010, compared to £0.9m in 2009. It has yet to publish its full 2010 results but says it cleared its debt in the second quarter, down from a peak of £6m in 2004.

Earlier this week, Mortgage Brain announced it had pulled out of the merger following the Office of Fair Trading’s decision to refer the case to the Competition Commission.

TrigoldCrystal says it plans to invest in its prospector platform, with several new upgrades planned for the year, as well as the launch of a new mortgage trading platform that sends case data to lender extranets. It also plans to launch new prospector iPhone and iPad applications.

Join chief executive Jon Whitmore says: “We have very exciting times ahead and the market can expect a series of product upgrades and new product launches from TrigoldCrystal during the year ahead and beyond.”


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