SimplyBiz and The Exchange have formed a strategic alliance that forms a key part of SimplyBiz's growth plans.
SimplyBiz was launched in November 2002 by Ken Davy, founder of the DBS network, to provided support services to small and medium-sized directly regulated IFAs. Since launching SimplyBiz has signed up 50 IFA firms and aims to have 1,000 IFA firms – representing 5% of market share – joining within three years.
Under the agreement, The Exchange's Exweb portal will become the preferred service for SimplyBiz's members, who will benefit from The Exchange's multi-licence discount. SimplyBiz will include Officeweb, The Exchange's IFA back office administration system, in its recommended panel.
Ken Davy, chairman of SimplyBiz, says: “Both SimplyBiz and The Exchange have common goals – to support IFAs by helping them reduce costs, increase efficiency and improve client service. This makes The Exchange the ideal partner to support our ambitious expansion plans over the next three years.”
Sue Summers, managing director at The Exchange, says: “The success of SimplyBiz's launch demonstrates the high demand for its exciting proposition. We are delighted to have been selected as a key technology partner to help its further development and believe our products add value to SimplyBiz's package of support services.”