"We’re on track to achieve the intended outcome of this process, and we will make a further announcement once it is complete."
- Twenty7tec CEO, James Tucker
Twenty7tec has revealed new details about its expansion strategy and plans to make further acquisitions in 2024.
Twenty7tec has confirmed that it is in the later stages of a process that may see a private equity investor acquire a stake in the business.
If completed, the capital being provided would support accelerated investment in the company’s existing product set, and also fund further acquisitions of other advice tech businesses.
FRP Corporate Finance, who supported Twenty7tec in its previous acquisitions, are running this process.
At the start of 2023, Twenty7tec acquired mortgage affordability platform Broker Sense and digital engagement tool Meet Parker.
Twenty7tec CEO, James Tucker, said: “We remain extremely ambitious for Twenty7tec and the role that we can play in supporting all businesses involved in financial advice. We believe that consolidation needs to continue to occur across the advice tech market in order to help technology firms deliver the best possible solutions to customers.
“Twenty7tec has a track record of disrupting and then leading in advice tech markets, and this capitalisation and subsequent acquisition programme form part of our bigger vision for how we can help advice businesses best serve their customers. Other advice tech companies are clearly aligned with our thinking, as we are often approached by businesses who want to combine their offering with ours.
“We’re on track to achieve the intended outcome of this process, and we will make a further announcement once it is complete.”
