NMT, the software company that ran into difficulties at the end of last year, has been sold to Cox.
The administrator, Deloitte & Touche, sold the assets of NMT on 23 December.
It is understood that Cox will maintain the existing broker system and will issue the next rating update on schedule around the middle of January.
Neil Utley, chief executive of Cox Retail, said that eight staff would be kept on. He added that these are technicians rather than managers.
Utley added that Cox is looking at ways of integrating its three broker systems: Brokersure, Brokersoft and NMT. He added that a decision would be made by the end of January.
Utley said that the NMT deal preserves the large Equity Red Star accounts among the NMT brokers.
He added that Cox looked at buying NMT earlier in the year but was put off by the price and the amount of meny it was losing.
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