Outsourcing firm, the Equiniti Group, is taking over the UK’s largest provider of shareholder services to FTSE 100 companies in peterevans. The acquisition will see peterevans join the Equiniti Group family, and while the Cardiff and London office structure will remain unchanged, the new combined entity is expected to seek synergy and efficiency savings.
John Parker, managing director of shareholder solutions at Equiniti, said that the firms have been partnering for several years and, “we have always been impressed by (peterevans’) cutting-edge technology offering. The acquisition will now allow us to collaboratively enhance peterevans’ existing offering in order to create an extended range of services to both current and prospective clients looking to outsource their services.”
Mike Foley, managing director of peterevans, said: “The backing of a larger group will provide even more impetus and potential scale going forward, enabling us to focus on the development of the xanite platform architecture and to drive forward our offerings.”
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
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