Bravura circles competitor
New user-focused offering for corporate super comes at turning point for the sector
With super funds looking to improve transparency and customer experience, GBST has today announced a new user-focused offering for corporate super providers. The launch comes at a time when the sector is looking for ways to evolve their offerings in light of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services. The enhanced corporate super offering allows funds to offer a user-focused experience, with a modern, intuitive interface to meet employer and member needs. It features straight-through processing (STP) capability so employers can easily manage their accounts and access their employee’s information online, improving user engagement and reducing administration costs for the fund provider. This is an […]
Bravura Solutions’ Sonata hits high note at 20-times profit
Private equity-owned Bravura Solutions will seek to raise $200 million for its initial public offering before the end of the month. Brokers Goldman Sachs and Macquarie Capital kicked off the marketing program with face to face meetings in Melbourne and Auckland on Monday. Their analysts also released detailed pre-IPO research reports and setting investor price expectations at 16-to-20-times forecast profit and up to 16-times adjusted EBITDA, as Street Talk revealed. Small cap fundies are familiar with the story. Bravura was listed for almost a decade before Ironbridge and management took the financial services software company private in 2013. It’s now preparing to return to market with $100 million invested in […]
