The Paradigm Group has recently purchased a fifty percent stake in the SaaS (software as a service) provider, Adviser Cloud, for an undisclosed sum.
The acquisition of the software house is part of the Paradigm Group’s strategy to develop compelling financial products and technology to the UK financial advice market.
David Wood, Adviser Cloud Managing Director said: “We are delighted by the investment and backing of Paul Hogarth and the Paradigm Partners. This partnership enables us to focus on our passion, which is to design cloudbased software that really works for Financial Advice companies and their support teams.” “We see a great opportunity in working with Paradigm to continue to design innovative, high tech and integrated products for financial advisers.”
Adding to this, Paul Hogarth, Senior Partner of Paradigm said “I know Adviser Cloud are relative newcomers in this marketplace but I see that as their strength. During our initial discussions it became evident that this company builds relevant software on the most up to date infrastructure for a licence fee that I am sure financial adviser business owners will see as compelling.”
“We are looking forward to helping drive forward this joint venture with our initial focus being the provision of a competitive, web-based back-office system for IFAs that require an alternative to the current industry offerings.”
Adviser Cloud’s software is already generating significant interest following a very successful soft launch at Paradigm’s recent partner meetings up and down the country. This new web based software from Adviser Cloud will be offered with fully integrated links to Paradigm’s full range of investment offerings.