Credit agency expands

A spokeswoman said the deal would combine "their proven strengths to deliver the most powerful credit risk management insight for their clients".

Process provides services to blue chip organisations including major clearing banks, building societies and other financial services institutions.

Graham Lund, managing director at Callcredit, said: "The purchase shows our strong commitment to investing in the future growth and expansion of Callcredit." The Leeds office of Hammonds LLP advised Callcredit on the transaction.