Financial technology business Iress has announced it has acquired O&M Systems. O&M provides pension and investment data and comparison tools to financial advisers.
Established in 1992, O&M has over 2,000 clients comprising pension and platform providers and advice businesses.
O&M software will further strengthen Iress’ already comprehensive advice offering in the UK. It will integrate directly into Iress’ Xplan software and is immediately available to Iress’ clients, as well as continuing as a stand alone research service.
Phil Quin-Conroy, Managing Director, UK at Iress said: “O&M is a strong business with established clients and software that is a strategic addition to our advice software Xplan. Integrating O&M into Xplan will provide advisers with a powerful, combined advice and research solution. We are pleased all members of the existing O&M team will be joining Iress.”
Graham Miller, Managing Director, O&M Systems said: “We are delighted to be joining Iress. I am confident our clients, providers and our team will benefit from Iress’ broad expertise. The integration with Xplan will enable us to grow our offering to a wider market whilst we maintain our commitment to providing accurate comparisons, comprehensive data analysis, client facing reports and great customer service to our existing user base established over the last 28 years.”