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Vertex in acquisition talks with Trigold

Vertex is understood to be in acquisition talks with several companies, including mortgage sourcing system Trigold.

Capita and Mortgage Brain are also understood to be in the running for Trigold, which industry insiders value at about £20m.

Trigold chief executive Bill Safran declined to comment on the rumours but admits he would obviously push for a higher price.

Mortgage Brain and Trigold each have around 45 per cent of the mortgage sourcing market, meaning that if the two were joined tog-ether, concerns would be raised about creating a near-monopolisation of the market.

Vertex life, pensions and distribution managing director David Childs says: “We are constantly in discussions with Trigold and Mortgage Brain about working closely together, meeting up from time to time to speak about opportunities and our own integration for our software and Exweb customers.”

Mortgage Brain chief executive Mark Lofthouse says: “Both ourselves and Trigold have around 45 per cent of the market, with around 22,000 customers each. But there are fundamental diff-erences between the companies as we currently operate in three market areas as opposed to one.”

Capita recently acquired Quay and Webline and Vertex bought 1st and The Exchange and both firms are looking to expand their propositions.

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