Parseq was created in 2010 when outsourcing firm Documetric acquired AIM-listed Intelligent Environments in a reverse takeover. Documetric, now trading as Parseq, provides back-office support to banks and processes 47m transactions a year, while Intelligent Environments develops mobile and online banking software. The London firm has 60 clients, including British Gas, Barclaycard and O2. It is backed by HarbourVest Partners and Nova Capital after chief executive Rami Cassis led a £33m takeover in December. Profits have grown 43% a year, from £1.3m in 2007 to £3.9m in 2010.
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