Twenty7Tec is in talks with Bluecoat Software about a merger.
If successful, the merger will mark the sourcing company’s entrance into the mortgage advice-focused software sector.
While the firms are keeping the details of the merger close to their chests at this stage, a spokesperson confirmed to Mortgage Solutions that “talks have been going on for a while”.
Bluecoat Software’s technology is used by financial firms and mortgage brokers. Its technology is a management tool that allows advisers to organise their tasks and administer new business.
James Tucker, CEO of Twenty7Tec (pictured), said: “I’m pleased to confirm that Twenty7Tec has been in talks with Bluecoat Software with regards to 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.”
This move follows Twenty7Tec’s recent partnership with Hometrack. The tie-in gives users of CloudTwenty7 access to Hometrack’s automatic valuation model for brokers.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
