Done deals:

• Mortgage Broking Services has merged with PMP Network to create a combined mortgage group
• Greatfleet has bolstered its specialist recruitment business with the £4.4 million acquisition of Ireland’s Qualitas Group
• Acquisition vehicle Cullum Capital Ventures has added insurance brokers Alker Brothers to its books for undisclosed terms
• E-commerce management solutions firm ChannelAdvisor has acquired Marketworks, a provider of marketplace management software and services, for an undisclosed fee
• Telecom, software, mining and manufacturing conglomerate Usha Martin Group of Calcutta has acquired UK call centre operator Converso Contact Centres for undisclosed terms
• Business and IT professional services provider Morse has purchased consultancy services firm Xayce for an initial £3.6 million

Deals in the pipeline:

• Business management software firm Sage will take 70% of French-based financial management software provider XRT for £30 million
• Standard Chartered bank is set to buy aircraft leasing, financing and management firm Pembroke of Dublin for an undisclosed sum
• BT is to extend its telecoms arm with the purchase of INS Group of Brussels for undisclosed terms