Yeadon-based lending software business Pancredit Systems Limited has been acquired for an undisclosed sum by Sussex-based business services outsourcing provider Equiniti.

The deal will strengthen the range of services offered by Equiniti to the UK’s leading financial services and public sector organisations Graham Donald, Pancredit managing director, said: “Pancredit has been helping clients in the financial services sector champion responsible lending and enhance the experience of end-users for over 25 years.

In Equiniti we have found a partner with a strong track record of investing in the businesses they acquire and will help us offer greater scale and growth, whilst retaining our unique identity. This will support further enhancements to our software platforms for new and existing customers.”

Guy Wakeley, Equiniti chief executive, added: “Equiniti’s acquisition of Pancredit reinforces our strategy to extend our range of outsourcing services to meet changing market requirements.

“Pancredit fits our criteria for acquisition – they are innovative, have a fantastic customer base aligned to our own and will take us into new market territory.”