Defaqto takeover spurs growth in SimplyBiz revenue

SimplyBiz, a provider of compliance and business services to financial advisers, has reported 2019 group revenue up by 24% to £62.8m following the “successful” acquisition of data and ratings provider Defaqto.

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SimplyBiz revenue jumps 24% after Defaqto takeover

Adviser support group SimplyBiz has reported a 24% jump in revenue for the year ended December following its takeover of Defaqto in March 2019.

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SimplyBiz buys Defaqto in £74.3m deal

Adviser support company SimplyBiz is to buy technology and data provider Defaqto in a deal worth a total of £74.3m.

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