Link Group acquires Syncsoft
Link Group has purchased software vendor Syncsoft, allowing it to expand its super fund client base to include superannuation funds with in-house investment teams and hybrid investment arrangements.
Syncsoft provides technology and software services to Australian Prudential Regulation Authority (APRA)-regulated funds such as GESB, UniSuper and Comsuper via its Capital super administration software.
Link Group managing director John McMurtrie said the move fit with the group's philosophy of owning and investing in its own platforms.
He said it complemented the administrator's existing offer to clients and allowed it to broaden and strengthen its client base, plus source other benefits through the Capital software.
"Through joining forces with Link, Syncsoft will be able to continue enhancing its Capital offering by integrating the value-added services provided by Link such as the effective management of big data, direct investment options and automated APRA reporting," he said.
All 78 Syncsoft employees will be retained by Link Group along with its managing director and founder, Rory Wainer, who will continue to run the business and also leverage its intellectual property across Link's subsidiaries.
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