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Target Group, which supplies software systems to loans companies, has acquired insurance software specialist Harlosh.

Cirencester-based Harlosh will trade as a separate company and is keeping its senior management team.

James Snow, strategy director at Target Group, added: “The acquisition of Harlosh will enable Target Group to offer its expertise, solutions and services to a wider range of clients in financial and general insurance markets in the UK, EU and Asia Pacific.

“Harlosh will continue to trade as a separate limited company with the same senior management team, but will benefit from extended management and administrative support for its rapid growth as well as significantly increased opportunities in technical and product development, consultancy and IT services.

“The acquisition of Harlosh will enable Target Group to offer its expertise, solutions and services to a wider range of clients in financial and general insurance markets in the UK, EU and Asia Pacific.”

Founded in 1989, Target specialises in areas such as loan application processing, loans processing, customer servicing and debt management. Its clients include FirstPlus, Picture Loans, Liverpool Victoria Friendly Society and the Royal Bank of Scotland Group.

Harlosh was founded in 1993 by Gordon. The company, which also has an office in Australia, works for clients such as NFU Mutual, Quinn-direct Insurance, Portman Building Society, Zenith and Tradex.

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