Open GI has bought an Internet-based technology provider for £12.5m.
Phillip Bell, chief executive of Open International, the parent company of Open GI, was confident the purchase of Mi Limited will enable the software house “to connect two very successful communities: the London and regional brokers."
He added: “Integrating Mi and Open GI will allow leverage of the financial strengths and technical expertise of both businesses, to grow and develop far wider in the market. This is great news for our customers and we're very much looking forward to continued growth.”
The purchase is Open GI's first since its £182m acquisition by Montagu Private Equity in March 2006.
Mi's existing client base includes Aon, Marsh and Willis.
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