|Industry||Financial Services Software and Services|
|Location||Australia, Asia and Europe|
|Investment Date||September 2009|
Bravura Solutions is a leading global supplier of superannuation / pension, life insurance, investment, private wealth and portfolio administration, transfer agency and financial messaging software applications, as well as business and strategic consulting services.
Major attractions of the opportunity were:
- Bravura’s software is business critical to its clients.
- The financial services software industry has grown strongly and is set to continue.
- There are high levels of recurring revenue through maintenance and on-going professional services.
- High barriers to entry exist as the cost to a customer in moving software platforms is very high.
- There is likely to be further consolidation in the industry as major financial institutions outsource their technology departments, providing both growth and exit opportunities for Bravura.