Rubicon, the software company, will face its first day of dealings on September 6. It will be capitalised at just under £4 million on flotation after having raised about £750,000 before expenses.
Rubicon provides customer relationship management services to building societies and specialist lenders. Customers include Norton Finance, First Response and Universal Building Society.
The company was founded in 1989 by Alistair Hancock, its present chief executive. Initially it provided contact management software solutions for charities and trade associations, but this has evolved into Accelerator, the company’s core customer relationship management (CRM) software package. The software helps staff to respond to customer inquiries by automating some mortgage and savings processes.
Accelerator has been adopted as the preferred CRM partner by TietoEnator, a European firm whose Summit mortgage processing software package is used by about half the UK’s building societies. Rubicon intends to market the software to 30 more Summit users.