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IRESS acquires Financial Synergy
IRESS is undergoing a restructure of management after successfully raising $85 million to acquire superannuation software provider, Financial Synergy.
The formal competition of the acquisition was successfully completed on October 31, with the Financial Synergy management team now assigned to various positions with IRESS.
Majority owner and founder of Financial Synergy, David Orford, has joined IRESS in a consulting role.
IRESS chief executive, Andrew Walsh, said: "The businesses are strongly complementary and we look forward to exploring together, opportunities in Australian financial services," he said.
"We welcome the Financial Synergy team to IRESS."
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