Bravura Solutions sole Australian amongst world's top 100 financial technology service providers

Sydney - 12 November 2007

Bravura Solutions (Bravura, ASX: BVA) – a leading global supplier of wealth management applications and professional services – has premiered amongst the FinTech 100 group of companies as named by Financial Insights and American Banker magazine. Bravura is the only Australian company to appear on this year’s list.

The FinTech 100 is an annual listing of the world’s leading vertical technology vendors which generate more than one third of revenues from the financial services sector.

Global revenue was a key component for Bravura’s standing, attesting the company’s strengthening presence across the Australia and New Zealand, UK, European and Asian markets.

Iain Dunstan, Group CEO and Managing Director, Bravura Solutions said: “This award is a proud achievement for Bravura. 2007 has been a strong year for the company, which generated significant revenue growth and momentum across all regions of operation. “Entry into the FinTech 100 represents a key milestone for Bravura and stands testament to its market leading global presence in financial services.”

Changes to legislation governing investment and pension systems have driven IT spending across the financial services sector globally. Customer retention initiatives and new account growth have seen an increase in demand for Bravura’s wealth management applications and services.

During FY2007, Bravura’s results were driven by a combination of organic revenue growth and strategic business acquisitions, with impressive growth across all regions:
- Australia – a 14 per cent increase on FY2006
- New Zealand – a 98 per cent increase on FY2006
- Asia – a 1290 per cent increase on FY2006
- United Kingdom/Europe –a 1073 per cent increase on FY2006

FinTech 100 rankings are determined on the basis of calendar year-end revenues and the percentage of revenues attributed to financial services.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development