FTSE firm acquires Harrogate fintech group
Harrogate fintech group Nostrum has been acquired by FTSE-listed firm Equiniti.
The Equiniti Group, which has a market cap of more than £750m, has bought the Harrogate company which provides loan management software for banks, finance companies and retail brands.
Nostrum employs 85 people and in its most recent filed accounts for FY15, it generated revenues of £10.7m, up 22% year-on-year, and is profitable, generating a PBT margin of 13%. In 2015, the company was included in the Deloitte Fast 500 and Times Tech Track.
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