Twenty7Tec confirms merger talks with adviser software firm Bluecoat

Bluecoat is a provider of practice management solutions for advisers and mortgage brokers. Its FinPlan system enables financial planners and advisers to process and administer new business and to control all aspects of their work, whilst meeting the compliance obligations of the FCA.

Twenty7Tec today confirmed that talks are ongoing regarding a potential merger of the two adviser tech providers.

A deal is expected to close over the coming weeks and more details will be released as and when the deal has been finalised.

James Tucker, CEO of Twenty7Tec, commented: “I’m pleased to confirm that Twenty7Tec have been in talks with Bluecoat Software with regards bringing the two businesses together. We believe that this combination will be a significant development for both the mortgage and wealth advice software markets. Talks are ongoing and we will make a further announcement shortly."