The Innovation Group (TiG) is to acquire Crosspath Consulting (CPC), a financial services management consultancy, for around £500,000 in cash and shares.

CPC helps organisations implement innovative practices into their business, targeting best practice, cost reduction and efficiency.

The company played a leading role in Direct Line's consolidation of Green Flag Rescue, together with supporting a number of key process engineering changes.

CPC has also worked with Axa, CGNU, Direct Line, Independent Insurance, Eagle Star and Legal & General.

The acquisition of CPC and its merger with In-Scope, an existing TiG subsidiary, will enable TiG to build up its management consultancy practice through the formation of a new division.

Tim Curry, previously an IT and insurance consultant with Ernst & Young, is joining TiG to head the new division.