Software firm in £16m swoop for financial services provider
Bromsgrove-based Redland Solutions, whose customers include Nomura, Santander, Investec, Hargreaves Lansdown and Rathbones has been bought by Nottingham software firm Ideagen, which supplies software to the financial services industry in a deal worth £15.8m.
Joel Turland, executive chairman at Redland, who – alongside current CEO Gary Muchmore – will step down from his position following the acquisition, said the Ideagen Group was a truly global organisation in the governance, risk and compliance software space.
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