Bravura acquires FinoComp
Publicly-listed financial services technology company, Bravura Solutions has announced yet another acquisition – this time UK-focused software firm, FinoComp for $25 million.
Bravura announced to the Australian Securities Exchange (ASX) today that it had acquired FinoComp, an Australian software company that builds unique, registry-agnostic software to support the UK wealth market.
The announcement said FinoComp’s clients included firms such as Aegon and Nucleus.
It said the acquisition deepened Bravura’s technical capabilities and created significant cross-sell opportunities between FinoComp and Bravura clients.
“Further revenue opportunities are also possible by expanding FinoComp’s software to adjacent markets and geographies in the future, including financial advice, funds administration and private client wealth management.”
It said FinoComp has 35 employees in Australia and the UK.
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