Founded in 1999, Porge is a provider of sophisticated software platforms that enable it to deliver the leading range of evidence based public sector market insight service and research products.
TruFin plc is the holding company for an operating group of companies that are niche lenders and early payment providers. TruFin Group combines the benefits of both the traditional relationship banking model and developments in the fintech sector. The Company was admitted to AIM in February 2018.
Commenting on the acquisition, Ben Jackson, Chief Executive of Oxygen Finance Group Limited said: “We have long been an admirer of the Porge business and the additional product offerings that we can provide to our clients is meaningful. We are delighted to have had the opportunity to make this strategic acquisition.”
Selling a business that you’ve founded, managed and grown for nearly 20 years is never going to be easy, and I would urge anyone embarking on such an epic task to secure professional help. Rockworth provided the support, experience and the technical knowledge that we needed to secure a successful sale. Lawrence and his colleagues are all high calibre individuals, and I would certainly recommend them.
Alice Watson, Founder
The Porge shareholders were also advised by corporate lawyers, Penningtons Manches, led by Partner, William Axtell.