Silvalake Financial Services Group has bought Sydney company Netxsurance Brokers, a wholly owned-subsidiary of NAQ Technology. NAQ will continue to provide its software solution products to broking clients through the Silvalake group.

“The sale of Netxsurance to Silvalake will ensure that our alliance partners and their clients have access to a much broader range of products and services, supported by a greater team of professionals,” NAQ GM Paul Adams said.