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Exclusive: ITM acquires Profund Solutions from Mercer
The acquisition will provide ITM with new offshore development
ITM has acquired the products and assets of Profund Solutions from Mercer.
The firms will collaborate to create a platform of scale in the pensions industry, offering a broad range of capabilities to deliver value to clients and across the entire pensions market.
The acquisition will also provide ITM with new offshore development and support capabilities to enhance the firm s scale and delivery functions.
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Profund Solutions has a client base of more than 100 third-party administrators (TPAs) and individual schemes.
The acquisition of Profund further strengthens ITM s position as a strategic partner for pension schemes and TPAs, continuing to support the firm s vision of delivering a rich set of enhanced independent data and administration management software and data-driven platform solutions for both defined benefit and defined contribution s