Q.Bit Systems has acquired Universal Training Company, the owners of Track, the deal optimisation software used by UK dealers.

The two companies will work together and trading operations will continue as normal through the two divisions.

Q.Bit will be headed by Nigel Pates and Universal Training Company, by Garry Cuthbert.

Q.Bit said: “This acquisition provides us with a management structure to further develop our integrated dealer software platform.”