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Twenty7tec confirms expansion plans
Today, leading advice tech provider Twenty7tec made an announcement in response to media stories regarding its plans to make further acquisitions in 2024.
Twenty7tec confirms that it is in the later stages of a process that may see a private equity investor acquire a stake in the business. If completed, the capital being provided as a result of this process would support accelerated investment in the company’s existing product set, and also fund further acquisitions of other exciting advice tech businesses.
FRP Corporate Finance, who supported Twenty7tec in its three previous acquisitions, are running this process.
Twenty7tec CEO James Tucker noted, “We remain extremely ambitious for Twenty7tec and the role that we can play in supporting all businesses involved in financial advice. We believe that consolidation needs to continue to occur across the advice tech market in order to help technology firms deliver the best possible solutions to customers.”
“Twenty7tec has a track record of disrupting and then leading in advice tech markets, and this capitalisation and subsequent acquisition programme form part of our bigger vision for how we can help advice businesses best serve their customers. Other advice tech companies are clearly aligned with our thinking, as we are often approached by businesses who want to combine their offering with ours.
Tucker continued, “We’re on track to achieve the intended outcome of this process, and we will make a further announcement once it is complete.”
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