Trigold merger with Crystal finalised

A merger between mortgage sourcing provider Trigold and point of sale solutions firm Crystal has been finalised, IFAonline understands.

Shareholder approval for the new, combined Trigold Crystal was granted on Thursday and final paperwork signed overnight.

Crystal shareholders will take the majority 60% shareholding with the remaining going to Trigold. Shareholders include Abbey and Prudential.

The firms claim the move creates the largest provider of technology-based solutions to the UK intermediary mortgage market with a combined user base of around 25,000.

Later this month, Trigold Crystal says it will be unveiling its 'blueprint for growth' which will sketch out ambitious plans to grow the business and outline their significant investment in intermediaries and intermediary solutions by harnessing the latest technology to create the best solutions in the market.

According to management, Trigold Crystal will create the first true end-to-end technology platform combining both the intermediaries and the product providers from point-of-sale, case management, business administration, product sourcing through to reporting solutions.

As reported early last month, Trigold managing director Martin Colyer and Crystal MD Jon Whitmore will become joint chief executive officers of the combined business.

Crystal director Patrick Shuker will become chief technical officer and Trigold business development and marketing director David Aylmer will join the main Trigold Crystal board.

"We said when we announced the possibility of the merger that this would herald an incredibly exciting new chapter in the growth of the business," Colyer says.

"We are delighted that our shareholders are fully committed to the merger and see the benefits of linking the Crystal technology with the Trigold services."

scott.sinclair@incisivemedia.com