Specialist technology outsourcer Equiniti Group has acquired data analytics and cyber security firm Marketing Source and loan brokerage firm Gateway2Finance (G2F), both based in the UK, for undisclosed amounts.

The outsourcer said that the two takeovers are part of its plan to integrate technology platforms to offer regulation- driven, technology-enabled services.

Exeter-based Marketing Source helps clients reduce risk and improve customer targeting, with its cyber security products mainly aimed at financial services firms and consumer brands focused on prevention of email fraud and phishing scams. The offering is particularly ideal for retail banks, challenger banks, and various consumer facing businesses.

Equiniti further said that the acquisition of Halifax-based G2F will boost its loan, mortgage and technology services in the credit market.

Equiniti CEO Guy Wakeley said: "Both businesses are strongly aligned with the group strategy of providing regulatory-driven, technology-enabled services, primarily to the financial services sector, and will contribute to organic growth as we leverage our cross-sell opportunities to existing clients."

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By GlobalData