Bravura acquires FinoComp
Publicly-listed financial services technology company, Bravura Solutions has announced yet another acquisition – this time UK-focused software firm, FinoComp for $25 million.
Bravura announced to the Australian Securities Exchange (ASX) today that it had acquired FinoComp, an Australian software company that builds unique, registry-agnostic software to support the UK wealth market.
The announcement said FinoComp’s clients included firms such as Aegon and Nucleus.
It said the acquisition deepened Bravura’s technical capabilities and created significant cross-sell opportunities between FinoComp and Bravura clients.
“Further revenue opportunities are also possible by expanding FinoComp’s software to adjacent markets and geographies in the future, including financial advice, funds administration and private client wealth management.”
It said FinoComp has 35 employees in Australia and the UK.
Recommended for you
Two former senior Global X employees have launched their own ETF provider, ETF Shares, focused on offering index ETFs for advisers and retail investors.
With GCQ Funds Management and Lakehouse Capital making their recent ETF debuts, the two fund managers unpack why financial advisers are essential to their respective launches.
ETF provider Global X is set to launch its latest ETF, focused on artificial intelligence infrastructure.
Index provider MSCI has unveiled two measures to make it easier for financial advisers and wealth managers to access transparent insights into private assets.
