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Marketing • 31 Jul 2019

Aurum Solutions Ltd, a leading provider of reconciliation software for organisations with high volume and/or complex requirements, announces that, on 31st July 2019, the company was acquired by Phil Hall and Nick Osborn. Hall and Osborn were the co-founders of Accurate Software, which they grew organically into a leading global provider of reconciliation software, headquartered in the UK with offices in North America, Europe and Australia.

“We were incredibly impressed with the power and flexibility of Aurum’s reconciliation solution. It’s highly scalable, right up to ultra-high transaction volumes with extremely complex data matching requirements,” said Phil Hall. “Many of Aurum’s team are ex-Accurate employees, with extensive experience in reconciliation solutions dating back to the 1990s, so we have complete confidence in their capabilities and commitment. Our philosophy has always been to work in partnership with our customers and we look forward to continuing with this approach for the benefit of our customers, company and employees.”

“Aurum has a large and steadily expanding international customer base across a wide range of industry sectors,” said Nick Osborn. “The company’s reputation for outstanding customer service is second to none, and it has achieved solid growth over the last 12 months. Aurum’s impressive customer base and reputation is testament to their hard work and expertise in delivering world-class software and solutions. We are excited to build upon this strong foundation, create additional highly skilled jobs and expand the centre of technical excellence here in Reading. Phil and I look forward to providing the financial resources, management expertise and commitment at this important stage in the company’s development.”

Tim Andrews, Operations Manager, who has been with Aurum for 10 years and worked with Hall and Osborn at Accurate Software prior to that, added “The acquisition of Aurum by Nick and Phil is a clear endorsement of our fantastic team, software and technical expertise. Everyone here at Aurum is looking forward to this new chapter in our history and can’t wait to get started.”