Bravura software hits high note administering US$1 trillion in funds globally

Sydney - 8 November 2007

Bravura Solutions Limited (Bravura) today announced its suite of wealth management applications now administer more than US$1 trillion in funds globally. This milestone signifies the company’s rapidly expanding global presence and strong sales momentum since floating in June 2006.

Demand for Bravura’s software and service offerings has been compelled by a combination of market forces influencing the global wealth management industry. These include legislative reform, the changing distribution landscape and growth of new client accounts, which have driven increased spending on IT infrastructure and services.

Bravura’s Group CEO and Managing Director, Mr Iain Dunstan said: “This is a remarkable achievement for Bravura. The company’s ongoing success has been the result of continual product innovation, a focus on customer needs, and the ability to capitalise on dynamic market conditions.

“Over the course of three years, Bravura has achieved exponential revenue growth. As Bravura continues to expand and gain momentum, I am confident we will achieve our vision of becoming the leading supplier of wealth management applications and services across Asia Pacific, Europe, the Middle East and Africa.”

Geographically, the UK and European markets have provided Bravura with its most significant growth opportunities. In FY2007, these regions accounted for 63 per cent of Bravura’s revenues. Bravura’s northern hemisphere success was driven by a shift in the distribution landscape towards wrap platforms; increased focus on self-funded retirement; and the need to simplify cross-border transactions.

Bravura’s ongoing success has been driven by its strong investment in research and development. During FY2007, Bravura increased its annual internally funded R&D commitment by 109 per cent from A$4.9 million to A$9.8 million. This approach has enabled Bravura to continue delivering new technologies to clients and improve customer value.

Bravura’s software manages more than 18 million accounts across four broad market segments: Investment and Asset Management; Superannuation and Pensions; Life Insurance; and Transfer Agency. These accounts are administered through its range of independent and scalable software solutions which are Talisman, Rufus, Babel and its SOA enabled next generation wealth management solution, Sonata.

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