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Harlosh acquired by Target Group

Target Group was established in 1989 and provides consultancy, software solutions, managed processes and outsourcing primarily in the areas of consumer credit and loans processing, customer servicing and debt management. It operates in both the lender and broker marketplaces: clients include FirstPlus, Picture Loans, Liverpool Victoria Friendly Society and the Royal Bank of Scotland Group.

James Snow, Strategy Director at Target Group, commented: "Harlosh 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."

Grant Hawkins, Chairman and CEO of Target Group, commented: "We recognised immediately that Target and Harlosh hold remarkably similar values and we will undoubtedly complement each other very well. We both deliver ideas, processes and solutions that give our clients a competitive edge. In addition, Target and Harlosh share similar views on technical strategy and product development. I look forward to us joining forces."