Parseq board backs takeover

ONLINE banking specialist Parseq has backed a takeover bid led by the company’s chief executive Rami Cassis.

The board said it supports the £33.8m offer, which is backed by Nova Capital and HarbourVest Partners, for the privately held firm.

Independent director Richard Last said: “As a private company with a strong parent, Parseq will benefit from greater access to funding which will better enable the company to maintain its leading position in the mobile banking software arena and to capitalise on opportunities on a global basis.”