UK-based Skipton Building Society has bought-out minority shareholders in Jade Software while Jade Logistics has been spun out under separate ownership
Companies Office records show Skipton Investments lifted its stake to 99.9% from 56%, acquiring the shares of 61 other entities including those of founder Gil Simpson, who still held a small 2.2% stake.
Jade's logististics business has also been spun out as part of the changes and is now owned by USA Health, formerly a 26% shareholder in Jade Software.
Jade Software reported a loss of $942,000 in 2016, down from $3.5 million in 2015 after increasing revenue by 24% to $37 million.
After divesting law enforcement and investigations software division Wynyard Group in 2013, Jade has been focused on building its port management software business, Jade Master Terminal.
NZX-listed Wynyard went spectacularly broke last year after a $65 million public capital raising and liquidators were appointed in February.
Jade chief executive David Lindsay and a representative from USA Health, Roger Bhole, left Jade's board on June 30.
Jade was founded in 1978 after and developed a promising obiect-oriented development database which it attempted to turn into a global busines for rapid application development and integration.
In May, Jade inked a seven-year, $4.5 million gig with the Electricity Authority to continue developing and managing its consumer switching registry.