TM Group has completed a significant strategic move to further enhance its position in the digital conveyancing technology space through the acquisition of Lawtech Software Group.
This marks a a major change for TM Group, under Aurelius´ stewardship, uniting two technological platforms with a common vision to shape the future of the property and legal technology landscape.
Lawtech Software Group is known for platforms such as Verify 365 AML and KYC compliance, DynamicID identity verification, and Lawyer 365 consultation and onboarding tools. Under the leadership of CEO Rudi Kesic, Lawtech has delivered growth through its wide range of law tech products since its launch in the UK legal sector three years ago.
Kesic remarked: “This next phase in our journey is a major milestone for Lawtech as well as a leap towards transforming the legal technology landscape. Joining forces with TM Group drives us even further forwards in scaling our innovations, enhancing our tech products, and driving greater efficiency in digitising legal processes for the UK legal and conveyancing sectors.
Strengthening Core Propositions and Accelerating Growth Strategy.
The integration of Lawtech Software Group’s products with TM Group’s digital conveyancing platforms is hailed by Thomas Maerz, CEO of TM Group, as a “game-changer” that sets new benchmarks for the industry.
He said: “This is testament to Aurelius´ close support and expertise in building up successful platforms. Furthermore, it marks a crucial step in strengthening TM Group’s core product propositions, enabling us to plug gaps in the conveyancing life cycle. The real value lies in accelerating our growth strategy, enhancing our value proposition after listening to our customers, and providing a springboard to future-proof our business.
Maerz continued: “Our aim is not only to address current gaps in our proposition but also to make the process of buying and selling a house in the UK easier, faster, and more transparent for everyone in the future.”
This announcement by TM Group, a property data and technology provider, closely follows the recent appointment of property tech expert Gary Barker as chief operating and technology officer.
Barker shared insights into TM Group’s vision for digital innovation. He stated: “TM Group sits at the heart of the homebuying journey, and this acquisition supports our objective to digitally transform this process and experience. Our mission is to ensure that the process of buying a home can be made simpler and easier, which is why I am excited to integrate Lawtech’s products into our platform.
“We will rapidly deploy ID checks, digital signatures, open banking, and address verification to our customers and partners, making the process faster, streamlined, efficient and all in one place. This is just the beginning of our innovation journey, and it demonstrates our commitment to change. I look forward to releasing more innovative products and solutions over the coming weeks and months.”
Jonathan Stebbings, TM Group’s chief commercial officer, added: “We are passionate about delivering consistent and consistently high levels of service to our clients. This next phase in the implementation of our strategy will enable white-labelled platform solutions that can be seamlessly embedded into our clients’ existing platforms, providing consistent workflows, flexibility, and more efficient processes as we make all stages of the end-to-end conveyancing journey simple for everyone, from client onboarding to post completion, invoicing and payment.”
Gary Barker joins TM Group as chief operating and technology officer
Let the fun begin!
Gary won’t be stuffing about with a heap of naysaying, disparaging negativity about how conveyancing has to remain as it was. He will just get on a do what needs commercially to be done.
It will give some people terrible acidy bellies that here’s someone who isn’t a conveyancer who will disrupt the status quo.
By my reckoning if Gary applies his sector domain knowledge to the paradigm shift in agency and conveyancing, forced by the requirement of material information regulation TM Group’s competitors will be looking around for candidates who bring some of what Gary has to their offering.
Seconds out….. round 1!
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