Misys acquired its investment in 1st as part of its acquisition of Financial Options Group Limited in 1999.
Mik Cons, managing director of 1st, commented: “Misys and Sesame, its wholly owned subsidiary, have been supportive investors in 1st and have been valuable partners as we have grown from a small business to become the principal software vendor to professional financial advisers. To maintain our market leading position we decided to make this investment as an important commitment to the continued support of our dedicated staff, users and partners.”
Patrick Gale, CEO of Sesame, commented: “1st Software has been a good investment for us and we believe they have an excellent future with great products and a very strong management team. We wish 1st Software continued success in the future and have very much enjoyed our involvement with 1st Software as it has grown.”
1st already has over 11,000 adviser users across the UK, ranging from national brokers to sole traders. The Adviser Office range has been developed out of 1st’s years of experience in providing the leading client management system and associated products and services for the financial adviser and mortgage intermediary market.
