Technology focused private equity investment firm Norland Capital has acquired DPR and eKeeper.
DPR provides banking software to over 40 banks and buildings societies in the UK and Europe with solutions covering mortgages, savings accounts, commercial lending and personal lending.
The business has grown rapidly over the last few years as it has expanded its product range and grown the size of its team.
Dave Patel, CEO and co-founder of DPR, said: “Our software helps solve many of the challenges faced by our clients today including increased regulation, the need for digital presence and innovative products, and the increasing requirement for frictionless customer journeys with straight-through-processing all of which are increasingly important due to changing consumer habits and demands.”
Raj Mittal, co-founder of DPR, added: “We are excited to be working with Norland Capital to help us accelerate our strategy and provide a robust, compelling services to our clients.”
Mati Szeszkowski, founder of Norland Capital said: “DPR aligns perfectly with Norland’s strategy to invest in robust technology and IP rich companies that deliver exceptional long-term customer value.”
Paraag Davé from Norland Capital added: “Dave Patel and Raj Mittal have built a strong, stable and profitable business over the years and we see DPR as a great platform to build a broader based banking technology business serving the needs of the broader ecosystem.”
The enlarged DPR Group has also made its first acquisition: eKeeper, a SaaS based CRM solution for mortgage brokers serving over 300 mortgage broker firms across the UK.
Rick Watkin, CEO of eKeeper, said: “We are thrilled to be joining DPR and Norland Capital and are excited by the prospects of what we can achieve by being part of a larger group.”
