Rubik buys COIN Desktop
Technology provider Rubik Financial has further expanded its reach into the planner market by purchasing another piece of software from Macquarie Bank.
Rubik today announced it had entered into a binding agreement to acquire Visor Desktop financial planning software (formerly COIN Desktop) from the bank.
Visor is a suite of financial planning tools and software solutions for independent or boutique advisers and was based on COIN, which Rubik purchased from Macquarie in 2012.
As part of the 2012 transaction, Macquarie continued to service the majority of COIN's boutique clients, with the renamed software Visor.
Rubik managing director for wealth Wayne Wilson said the agreement meant the tech firm would now service the clients that were retained by the bank.
Earlier this year the firm announced the acquisition of another financial planning software firm, Provisio.
"The acquisition of COIN in 2012 expanded Rubik's wealth offering to the financial institution market and created significant scale across the group," Wilson said.
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