Pensions and investment software business Selectapension has been acquired by Perseus Operating Group, part of Toronto-based Constellation Software, for an undisclosed sum.
The retirement business will continue to run out of its office in Crowborough, in east Sussex.
The deal marks Perseus Group’s first ventures into the UK pension and investment sector.
‘Maintain market independence’
Chia Loh, vice president of Perseus, said: “We are excited to have Selectapension’s employees and customers join the Perseus family. Not only are we entering a new vertical with the addition of Selectapension, but their experienced team and dedication to innovative products for their customers makes them a strong addition to Perseus and creates a foundation for future growth.”
Andy McCabe, managing director of Selectapension, added: “We are extremely delighted to be part of the Perseus Group and our vision to provide market leading software for our customers will continue for many years to come.
“Selectapension will maintain its market independence, enabling us to deliver affordable, yet comprehensive tool sets for the entire financial sector.”
