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.
