SimplyBiz sees 20% revenue growth after Defaqto acquisition

The support service provider reported a 20% revenue increase in the six months ending 30 June 2019. It said the acquisition of the financial technology and research business had progressed well, taking the number of intermediaries it serves to 6,000 across 350 financial institutions. The SimplyBiz Group acquired Defaqto in March, a purchase that saw the group take control of the entire issued capital of the business's parent company Regulus Topco. At the time, SimplyBiz said the acquisition would provide Defaqto with greater resource to develop its products and services to "fully realise...