Technology company Harlosh has been acquired by Target Group, a software solutions provider in the consumer and commercial loan markets.
Target expects to have a consolidated turnover of more than £20m.
Harlosh's clients include NFU Mutual, St Paul Travelers and Quinn Direct Insurance. It will continue to trade as a separate limited company with the same senior management team in place.
Target's clients include Liverpool Victoria Friendly Society and the Royal Bank of Scotland Group.
Richard Gordon, managing director of Harlosh, said: “By joining the Target Group, Harlosh will be able to continue and extend its rapid development in the general insurance market worldwide. Target's long experience in similar markets will enable our team to go for growth with reduced demands on management, finance and other resources.”
