REG - Software Circle PLC - Acquisition of Broker Information Services Limited

▤ Summary

Software Circle has acquired Broker Information Services Limited for £8.25 million, with most of the payment made in cash and the rest deferred. BIS provides client management and quotation software for financial brokers in Ireland and generates most of its revenue from recurring subscriptions. The company will keep operating under its current CEO while Software Circle folds it into a broader vertical software platform alongside AIF. The deal expands Software Circle’s footprint in Irish broker software and supports its strategy of building clustered vertical SaaS businesses.

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