Microgen, UK-based enterprise software provider, has signed an agreement to acquire Unity Software, a Jersey-based provider of wealth management software for the offshore finance industry.
The acquisition will comprise a consideration of £1.3m payable in cash on completion, with adjustment for excess cash in the business at completion, reported StockMarketWire.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
As part of the deal, Unity will be merged into Microgen’s financial systems business.
The acquisition will provide Microgen with an increased client and recurring revenue base as well as an office in Jersey.
Microgen said that it is further seeking acquisitions in the wealth management sector.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
