Could Iress private equity sale finally shake up the back-office world?

‘Even if IFAs had the budgets, there is a huge amount of inertia at play here’

clock • 5 min read

Justin Cash on the future of back-office players amid takeover activity

When Invesco bought Intelliflo seven years ago, some pretty bold predictions were bandied around. One was that the first fully global, fully integrated back office was on its way. All in Intelliflo's path would perish in the pursuit of worldwide market domination. Though it is by far the largest UK provider, that's not quite happened. Now, another major back-office provider deal is on the cards: a private equity takeover of Iress by Blackstone and Thoma Bravo, with early buyout talks first reported four weeks ago. Could this be the one that has that transformative global effect? Maybe. B...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Technology

Advice professionals using AI up 46% since 2025

Advice professionals using AI up 46% since 2025

According to Dynamic Planner’s Advice 26

Sophia Panayi
clock 01 July 2026 • 2 min read
The environmental AI impact advisers shouldn't ignore

The environmental AI impact advisers shouldn't ignore

'When it comes to AI and its impact on the environment, honesty is the best policy'

Carly Shute
clock 30 June 2026 • 4 min read
Tessa Lee: AI tools alone won't deliver better advice outcomes

Tessa Lee: AI tools alone won't deliver better advice outcomes

'The value of financial advice remains deeply human'

Tessa Lee
clock 29 June 2026 • 4 min read