Technology solutions provider 1st Exchange has acquired N4 Solutions (N4), the provider of financial services distribution and fulfilment software.
The acquisition of N4 is a key component in 1st Exchange’s strategy to take a market leading position in the delivery of financial planning and fulfilment solutions for the Enterprise investment, life and mortgage markets.
1st Exchange says the purchase will improve its proposition across financial planning and the mortgage sales and origination process. N4’s clients include Nationwide Building Society, Aviva and Barclays Bank.
Funding for the acquisition was provided by Lloyds TSB Development Capital (LDC) and Vertex. LDC last year bought a controlling stake in 1st Exchange. The company is part of LDC’s over 70-strong £2 billion portfolio of businesses.
David Child, managing director at 1st Exchange, said: “Not only does this acquisition broaden our services into the mortgage distribution space
