Firm snapped up by Australian software giant for £23m

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An Australian wealth management and transfer agency software has acquired a Birmingham company for £23m.

Bravura Solutions, which is based in New South Wales, has snapped up Delta Financial Systems which provides technology to power complex pensions administration in the UK market.

Delta’s technology currently supports the needs of more than 30 UK clients including HSBC and Legal & General.

Tony Klim, chief executive of Bravura Solutions, said: "We are delighted that Delta is joining Bravura.

"Both businesses have complementary products that together, provide a compelling offering to support the mission-critical operations of wealth management firms in the UK."

Michael Power, chief executive and co-founder of Delta, added: "Bravura is a leader in the UK wealth

 link source - Insider Media

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