Trigold and Crystal are very excited to be combining the strengths of the two companies, Trigold being the provider of Prospector, the UK’s leading mortgage sourcing service with over 70% market share, and Crystal being the provider of Momentum, a market leading web based point of sale and CRM platform. The combined business will create the largest provider of technology based solutions to the UK intermediary mortgage market with a combined user base of around 25,000 including the bulk of the major distributors and lenders in the industry.
The goal of Trigold Crystal will be to 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. Leveraging the existing Momentum platform, the combined business will expand its coverage to include all advised financial products using the latest technology to build the best solutions in the market.
Trigold Crystal will use its strength to invest in its services to cover the complete business lifecycle for brokers, networks, clubs, packagers and lenders. In addition the combined business will examine the emerging B2C markets to deliver services to organisations requiring online solutions targeted directly at consumers. This will involve taking the current sourcing application on line for those advisers who want on line solutions.
Trigold Crystal will continue to support all current agreements, 3rd party integrations and all its existing products including Trigold Prospector, Crystal Momentum and Dashboard.
The larger combined business will, in time, move to a single technology platform creating the opportunity for substantial further investment in its services for customers. It will also take advantage of its size to build a more efficient organisation whilst creating enhanced career opportunities for staff in the combined business.
Martin Colyer and Jon Whitmore will become joint CEOs of the business, Patrick Shuker will become CTO and David Aylmer will join the main Trigold Crystal Board. Peter Birch will continue as Non-Executive Chairman.
Martin Colyer, managing director of Trigold, says, “This is an incredibly exciting new chapter in the growth of the business, now 10 years old. We are led by our customers, and it is now time expand the range of product research and business solution tools we provide for our 22,000 users, as their businesses become more broadly based and use more web based technology. I am looking forward to working with the Crystal team to expand our services and build a larger, stronger organisation to take on the challenges of the next 10 years and beyond. Crystal Software Solutions have an excellent track record and a highly enviable client list. This merger is a superb fit and will enable us to work as a single team to deliver the next generation of software solutions to the market”
Jon Whitmore, managing director of Crystal Software Solutions, says, “We are very much looking forward to continuing the rapid growth and success we have experienced over the last 6 years, with our Momentum product being used successfully within a number of high profile organisations. The combination of our CRM experience and the Trigold sourcing experience, where Trigold have an unrivalled 70% share of the sourcing market, will be key and we are thrilled to be creating an exciting new product and bringing the best of breed systems in sourcing and point of sale together.”
