Iress swoops on UK pension researcher
Financial services software provider Iress picked up a UK-based investment and pension research software provider boasting over 2000 clients.
Iress has acquired the UK’s O&M Systems, an investment and pension research software provider with more than 2000 clients across pension and platform providers and advice businesses.
The firm is planning to integrate O&M’s software directly into its Xplan suite of software, with Iress clients able to immediately access O&M’s pension and investment capabilities. Additionally, O&M’s research offering will also continue to operate as a standalone service.
Iress chief executive Andrew Walsh described the purchase as “strategic”.
“O&M is a strong business with established clients and software that is a strategic addition to our advice software Xplan,” Walsh said.
“Integrating O&M into Xplan will provide advisers with a powerful, combined advice and research solution.”
All of O&M’s existing team will join Iress, including managing director Graham Miller who said the firm was “delighted” to join Iress.