Bravura Solutions welcomes Statewide as foundation partner for development of Sonata SuperB

Sydney - 1 September 2006

(ASX:BVA) - Bravura Solutions (Bravura) - a leading supplier of wealth management applications and professional services - today welcomed existing client Statewide Financial Management Services (Statewide) as a foundation partner for the development of Bravura’s superannuation administration application, Sonata SuperB.

Sonata SuperB is one of the modules in Bravura’s recently-developed wealth management technology platform, Sonata.

Mr Simon Woodfull, Bravura Executive Director and Chief Operating Officer said, “We are delighted Statewide, a top provider of superannuation and insurance administration services, is committed to partnering with Bravura for the further development of Sonata SuperB.

“This deal highlights that we are leading the way in the wealth management product technology space.”

Developed for the needs of defined benefit, defined contribution, third party record keepers, government agencies and provident fund managers, Sonata SuperB enables clients to easily define structures that meet their administrative, financial and reporting requirements without the need for expensive and time consuming programming changes.

“The competitive forces and ever-increasing service demands of the market experienced by our clients, requires us to develop innovative solutions to meet our customers’ needs. Sonata has been built with a Service Oriented Architecture (SOA) with technical characteristics that translate directly into real bottom-line benefits for all users.

“We are very much looking forward to working with Statewide to develop the next stage of our Sonata product. Statewide and Bravura share a common vision with regards to administration and efficiency and the ability to quickly bring financial products to market,” Mr Woodfull added.

Statewide Financial Management Services is responsible for providing administration and other services to Statewide Superannuation Trust and other clients. Ms Frances Magill, Chief Executive Officer Statewide Superannuation Trust and Managing Director of Statewide Financial Management Services said, “Working with Bravura during this critical stage in the development of Sonata SuperB enables us to design a product suite that meets our exact needs. We are impressed with Bravura’s ability to keep up with the changing market climate and to provide market-leading technology.

“Our aim is to develop a long-term mutually beneficial relationship with our clients by identifying and satisfying changing needs. As an existing Bravura customer, we are confident Bravura will not only help us achieve this goal but will also allow Statewide to keep raising the standard.”

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