The company was founded a decade ago, but its sales only took off after a move into the financial-services market. In 1998 it launched software that enables mortgage and insurance brokers instantly to compare quotes from different providers. The company has also branched out with its own mortgage-broking operation, which it claims lent more than £850m in 2002. Source Software says it is unique among comparative quotation systems in offering immediate confirmation of cover for applications made online. Sales at the South Wales company have grown 115% a year from £1.2m in 2000 to £5.7m in 2002.
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