Assureweb has signed Prudential as a new shareholder in the IT firm at the same time as revealing major new development of its core platform is to be unveiled.
No specific details are yet available about the new platform development but a sum of £.7.5m is being invested by Assureweb over two years – thanks to investment from Prudential and existing shareholders – to enhance the firm’s technology offering and “an ambitious plan” which is said to have the full support of its shareholders. A statement issued by Assureweb says the Pru is the sixth investor in the business, alongside Aegon Scottish Equitable, Clerical Medical, Friends Provident, Norwich Union and Scottish Widows. And funds are being used to redevelop the central Assureweb platform in...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
