Listed tech startup acquires conveyancing firm to test products
ULS Technology has purchased Amity Law for an undisclosed sum
Listed tech company ULS Technology (ULS) has bought a firm of licensed conveyancers to help it test new products before they’re launched.
ULS, which provides digital services in the home moving market, has purchased Bolton-based Amity Law for an undisclosed amount, saying it will enable it to ‘build, pilot and evolve new products in a live environment, providing the company with valuable insight to shape future services and refine them prior to rolling out nationally'.
Jesper With-Fogstrup, CEO at ULS, described the acquisition as the next step in the company’s bid to “revolutionise the home buying and selling experience by using technology to radically change processes currently in place.”
A former chief operating officer at ComparetheMarket.com, With-Fogstrup said that having Amity Law central to that development would allow for faster insights and better feedback and accuracy, as well as helping ULS to launch products to market more quickly.
Amity Law currently houses eight staff, including two fully licensed conveyancers and one chartered legal executive. It is regulated by the Council for Licensed Conveyancers and will continue to operate as a conveyancing business, with founder and director Jayne Hart joining ULS as managing director.
“We’re really looking forward to marrying our extensive conveyancing knowledge with ULS’s digital expertise to help the industry develop and deliver a more seamless service to clients,” Hart said.
ULS is listed on AIM and owns brands including DigitalMove and eConveyancer, which enables those involved in the conveyancing process to collaborate and customers to compare conveyancing solicitors respectively.
Paul Saunders, a lawyer and managing director of Legal Eye, a risk and compliance service for law firms that’s also owned by ULS, will join Amity Law as managing director.
With-Fogstrup added: “We are investing considerable resource into our technology and there is nothing better than working with customers directly developing products that make a difference. I’m excited to have Amity Law join our team as we build a more efficient and slicker process for consumers and conveyancers.”