The existing TrigoldCrystal management team will join the management team at Avelo.
Propspector, TrigoldCrystal’s mortgage sourcing system, will remain intact and will sit alongside Avelo’s Exchange Portal.
Chris Noblet, managing director at Avelo, said: “We are delighted to welcome TrigoldCrystal to become part of Avelo and believe that this is a big step towards our vision of Avelo delivering the complete range of products and services to the adviser and broker desktop – something that only Avelo has the capability to do.
“TrigoldCrystal is already a strong business and we believe our joint customer groups will benefit from a step change in the use of e-commerce in the mortgage intermediary market.”
Jon Whitmore, chief executive officer at TrigoldCrystal, said: “We believe the strategic fit between TrigoldCrystal and Avelo is the right opportunity to take at this time for the benefit of our customers and our staff and will allow our solutions to be deployed across a broader market place.
“The need for lenders, distributors and intermediaries to add value for their customers has never been greater and real support in this will now be found from one source at Avelo.”
