SecuritEase snaps up Tiara Fintech Solutions to fuel UK expansion
New Zealand-based SecuritEase Group has acquired Tiara Fintech Solutions Limited (TFSL) for an undisclosed sum to power its continued expansion into the UK.
TFSL operates the CGT calculation engine Tiara
The purchase was made through SecuritEase Holdings UK Limited (SHUKL), the group’s UK subsidiary incorporated this year, and was officially completed on 6 December.
TFSL is best recognised for operating Tiara, a capital gains tax (CGT) calculation engine, and income tax data management and investor taxes reporting system serving the UK’s wealth management and platform sectors.
The system was first devised by Karrie Tilburn and Abi Ostler, founders of North Yorkshire-based KA Watson Consultancy (KAWC), in 2021.
In a statement, SHUKL says it plans to operate Tiara as a Software-as-a-Service (SaaS) CGT and income tax reporting platform, “continuing to provide excess reportable income data and the resulting impact on investor gains and income; ensuring accurate reporting”.
This will include the integration of the system to “enhance the SecuritEase suite of products and to strengthen its UK wealth management capabilities”.
James Martin-Redman, SHUKL’s chief commercial officer, says the purchase will enable the group to provide “comprehensive investment analysis, optimisation, modelling, and automation, in addition to the tax administration and reporting capabilities”.
Headquartered in Wellington, SecuritEase supplies settlement, accounting and wealth management systems for brokers across New Zealand, Australia, South Africa and the UK.
The group, which was spun out from Scientific Software and Systems Limited last year, previously acquired the Pulse and Symphony software business of Iress FS Limited in May to bolster its portfolio management services for UK private asset managers.
