Mortgage Brain confirms that the TrigoldCrystal acquisition is not progressing

Mortgage Brain, the market leading mortgage technology solutions provider, has confirmed that it won’t be progressing with the proposed acquisition of TrigoldCrystal.

Following a three month review process, The Office for Fair Trading (OFT) announced last Thursday (March 17, 2011) that it has referred the proposed acquisition to the Competition Commission, which will carry out a further investigation and make its report by September 1 2011.

Mark Lofthouse, CEO of Mortgage Brain, said, “The acquisition of TrigoldCrystal would have brought massive benefits for the provision of technology to the intermediary mortgage market. However, we don’t feel it is in the best interests of everyone involved to progress.“

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Mike Raybone
Head of Marketing and Operations

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