Move to bolster year-on-year growth and strengthen client offerings.
The Equiniti Group, a leading financial and business services outsourcing provider, and the UK’s largest provider of shareholder services to FTSE 100 companies, today announces the acquisition of leading technology provider for financial services firms, peterevans, which will result in a partnership that will provide mutual resource-sharing benefits.
The acquisition will see peterevans join the Equiniti Group family, and while the Cardiff and London office structure remains unchanged, the new Equiniti Group umbrella will provide peterevans’ clients and employees with a range of benefits and broader opportunities.
John Parker, Managing Director, Shareholder Solutions, Equiniti, commented: “The acquisition of peterevans is an important development in Equiniti Group’s strategy. We have been partnering with peterevans for a number of years and have always been impressed by their 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, peterevans, added: “This is an exciting time for peterevans. We are immensely proud of our staff who have achieved so much, and we now have the support to go even further. peterevans has grown by 30% in the last year, with year-on-year forecasts for the next to match. 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.”