POWERED BY MOMENTUM MEDIA
(Feb-2005): Bravura acquires Syscorp to expand market reach
The recently-established Bravura Solutions which last November acquired the administration platforms of CSC in December announced that it had acquired Syscorp.
According to Bravnura Solutions chief executive officer Iain Dunstan, the acquisition will result in an entity with over 70 financial services clients and staff numbers approaching 100.
“The acquisition creates synergies for both businesses as we combine Syscorp’s technology and software expertise with Bravura’s market leadership in wealth management applications,” Dunstan said.
He said Syscorp represented a complementary business operating in a similar market, but providing services at a different level of the value chain.
“With very little duplication between the businesses, the acquisition allows us to expand our market reach, expertise and client offerings,” Dunstan said.
AUTHOR
Mike Taylor
Recommended for you
Australian super funds have delivered mixed results in the latest global rankings, with industry funds climbing, while government schemes fell sharply.
The Future Fund posted a $27.4 billion increase in value to $252.3 billion, driven by strong equity markets, resilient private market investments, and strategic portfolio shifts to anticipate changing global trading conditions.
The fund has introduced new portal features for advisers, streamlining administration and enabling quicker, more convenient client authorisations online.
APRA-regulated funds have reportedly raised concerns with the government over Division 296, as news of potential policy tweaks makes headlines.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
