Bravura Solutions
Sector | Financial Services |
---|---|
Industry | Financial Services Software and Services |
Location | Australia, Asia and Europe |
Investment Date | September 2009 |
Company Description
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.
Investment Rationale
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.