Mortgage Brain and TrigoldCrystal disappointed with OFT decision

Technology solutions providers, Mortgage Brain and TrigoldCrystal, are said to be disappointed with the Office of Fair Trading’s (OFT) decision not to give clearance for the acquisition of TrigoldCrystal and instead refer it to the Competition Commission.

Mortgage Brain announced at the end of December 2010 that it had agreed the terms to acquire TrigoldCrystal and voluntarily notified the OFT for its clearance.

Mark Lofthouse, Mortgage Brain’s CEO, comments, “Following the announcement of the proposed acquisition of TrigoldCrystal by Mortgage Brain everyone we spoke to recognised the considerable benefits it would bring to the mortgage industry.“

“However, whilst disappointed, we respect the Office of Fair Trading’s decision and would like to thank all of our customers and business partners for their continued support and feedback throughout this process.“

Click here to view the full article.

Mike Raybone
Head of Marketing and Operations

Join the Mortgage Brain Linkedin group... click here