IntegraTec offloaded
Fledgling Internet company Intracorp has beaten out several bidders to buy finan-cial planning research and training group IntegraTec.
Fledgling Internet company Intracorp has beaten out several bidders to buy finan-cial planning research and training group IntegraTec.
The sale of IntegraTec was finalised last December. A source at Intracorp was tightlipped about the details of the deal, said to be worth around $2 million. The source did confirm that the sale was part of Intracorp’s overall financial services strategy. “It’s one step among other steps,” the source said.
IntegraTec was established 10 years ago by its managing director Bill Radcliffe and was wholly owned by Radcliffe and his partner Rosemary Long. It began its services by providing training videos for financial planners. Its services now incorporate fi-nancial planning reference manual IntegraText, video workshops, a product compe-tency assessment service, financial planning knowledge test and risk management module.
IntegraTec’s clients are believed to include Lend Lease, ANZ and Colonial. Ac-cording to sources contacted by Money Management, the group’s biggest client, AMP Financial Planning, recently parted ways with IntegraTec.
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