Technology solutions provider Avelo has acquired TrigoldCrystal.
Avelo says the acquisition is part of its continuing strategy to extend the reach of products and services delivered to the adviser desktop, enabling efficient connectivity to the broadest range of lenders and financial services product providers.
TrigoldCrystal’s mortgage sourcing capability will complement Avelo Exchange, the portal for intermediaries and distributors.
Chris Noblet, managing director, Avelo, said: “We are delighted to welcome TrigoldCrystal to become part of Avelo and believe that this is a big step towards our vision of Avelo delivering the complete range of products and services to the adviser and broker desktop – something that only Avelo has the capability to do.
“TrigoldCrystal is already a strong business and we believe that combined with our established market position, our joint customer groups will benefit from a step change in the use of e-commerce in the mortgage intermediary market.”
Jon Whitmore, CEO at TrigoldCrystal, added: “We believe the strategic fit between TrigoldCrystal and Avelo is the right opportunity to take at this time for the benefit of our customers and our staff, and will allow our solutions to be deployed across a broader market place.
“The need for lenders, distributors and intermediaries to add value for their customers has never been greater and real support in this will now be found from one source at Avelo.”