Personal Group today upped its dividend as the company hailed a successful migration of customers to its new digital benefits platform.

The insurance and employee benefits business said 40% of clients had now transitioned to its Hapi 2.0 platform, with a 100% migration expected by the end of the year, paving the way for more growth as the company takes the product to market. Personal Group raised its interim dividend by 11% to 6.5p.

The company posted a 14% rise in revenues for the first six months of the year to £21m, while annual recurring revenues from its benefits platform rose 15%. Pre-tax profit rose 14% to £2.3m.

CEO Paula Constant said the new Hapi platform has been built using modular tiers which allows it to be adapted to cater to specific client needs as well as to be scaled up more easily.

She said: “We are not a Sellotape and string version of a benefits platform and this new upgrade will help us scale our growth.”

Constant told UKTN the company had the headroom to begin eyeing more acquisitions in the months ahead.”We’re looking for some really interesting integrations that supplement our benefits systems, including support for children and childcare,” she said. “We want to build out our digital capability – face to face is an important model but we’ve got huge demand to supplement that with digital tools.”

Personal Group shares rose 3.1% in 168p in early London trade. In July, the company sold its technology salary sacrifice division, Let’s Connect, in a £2m deal after the unit lost one of its biggest commercial customers.