Santapau acquires mortgage software provider, Pisces Group
Investment group Santapau Limited has acquired mortgage software company Pisces Group for an undisclosed sum.
The acquisition, backed by clients of Gleneagle Securities, will see Santapau launch a range of new financial products to the Australian market.
In the meantime, Pisces's mortgage service and its Newsnet messaging business will converge under a unified brand, to be launched in the coming weeks.
Commenting on the move, Santapau director Delan Pagliaccio said the investment group was looking forward to delivering new solutions to existing clients of Pisces, and adding to its team to provide more options and support for customers.
Pisces chief executive officer Jega Rajan said the mortgage software company would work towards "a smooth and transparent" changeover, and would keep customers, partners and suppliers informed throughout the acquisition process.
Recommended for you
With HNW investors representing the largest market for alternative assets, Praemium and CoreData research underscores why this presents a compelling opportunity for advisers.
Having completed the successful integration of Diverger, Count has upgraded its forecast for expected synergy benefits achieved by the acquisition by a third.
Australia’s largest licensee has seen the biggest number of adviser losses over the past week, while the expected wave of new entrants has boosted overall adviser numbers.
Iress has increased its forecast adjusted EBITDA by $5 million for the 2023/24 financial year in light of the sale of its platform business to Praemium and hinted at a return to dividend payments.