Defaqto, a provider of financial product ratings and market intelligence, has acquired Pearson Ham Group鈥檚 market pricing business for 拢11 million.
Defaqto says the move significantly enhances its portfolio of data and technology solutions for the UK retail financial services and insurance industries.
The acquisition, completed through Defaqto鈥檚 parent company Fintel plc, brings together product and pricing data to create a 鈥榰nique鈥� proposition for insurers, advisers and consumers.
John Milliken, CEO of Defaqto, commented: 鈥淲e are extremely excited about this strategic acquisition. The Pearson Ham Group pricing business is a profitable, growing, cash generative business with a rich historic data set and a strong value proposition that is invaluable to the UK insurance industry.聽
鈥淭he winners in the AI economy will be those with unique, valuable, proprietary data and expertise who can also innovate to benefit their customers. Through the combination of unrivalled product and pricing data, Defaqto has the tools to help the industry to better understand and deliver consumer value.
鈥淭his strategic move further reinforces Defaqto鈥檚 position within the personal lines insurance market, strengthening our role as a leading provider of market intelligence and technology. Acquiring pricing data to complement our market leading product data is critical.聽
鈥淭he unique combination of product and pricing data will help providers build smarter financial solutions.鈥�
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Matt Timmins, CEO of Fintel plc, added: 鈥淭his acquisition is an important milestone in growing our Software and Data division. It exemplifies the type of high-quality, synergistic acquisition that we target as part of our strategy 鈥� enhancing our capabilities, deepening our market position, and reinforcing our position as the strategic technology and data partner to UK financial services.鈥�
The market pricing business will initially operate as a standalone entity before being integrated into Defaqto during 2026.
Stephen Kennedy, CEO, Pearson Ham Group market pricing, said: 鈥淲e are delighted to become a part of the Defaqto family, because of the exciting ideas we have to grow the business and Defaqto鈥檚 proven ability to integrate and add value to the businesses they acquire.鈥�
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