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Sympli buyout seen as a vote of confidence for sector
CONVEYANCERS have welcomed InfoTrack’s takeover of e-settlement provider Sympli as an industry confidence booster and a shot in the arm for stalled interoperability reform. InfoTrack on Tuesday announced it would take full ownership of Sympli via the acquisition of the ASX’s remaining 49 per cent stake in the company, which was set up in a 2018 collaboration to challenge PEXA’s market dominance in the $300 million settlement market. Both InfoTrack and Sympli will be wholly owned by Sydney-headquartered ATI Global, which owns several legal software companies, once the deal is completed.
