Bravura improves ranking within world’s top 100 financial technology service providers for second year running

13 November 2008

Bravura Solutions (Bravura, ASX: BVA) – a leading global supplier of wealth management applications and professional services – has ranked 64 amongst the FinTech 100 group of companies as named by Financial Insights and American Banker magazine. Bravura has secured a position on the list for the second consecutive year and is once again the only Australian company to be ranked. Soaring forward 36 places – Bravura has achieved the largest leap forward of any global FinTech company for 2008.
Iain Dunstan, Group CEO and Managing Director, Bravura said: “Achieving a place in the FinTech 100 for the second year running represents a great source of pride for us. Our rapid climb up the ranks is a clear reflection of our growing footprint in the global financial technology sector.”

The FinTech 100, now in its fifth year, 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 strong presence across the APAC and EMEA regions.

During FY2008, Bravura experienced positive growth throughout all the geographic regions within which it operates; in November 2007 reaching the milestone of administering more A$1.2 trillion in funds managed globally. This achievement signifies the company’s rapidly expanding global presence and strong sales momentum.

In FY2008, Bravura experienced strong revenue growth in both the EMEA and APAC regions. APAC revenue increased 41 per cent to A$53.0 million, and revenue in EMEA increased 32 per cent to A$82.8 million. Total revenue increased by 35 per cent to A$136.2 million for FY2008.

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

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