Bravura Solutions to Acquire FinoComp

  • Oct 29, 2019 AEDT
  • Team Kalkine

Bravura Solutions Limited (ASX: BVS) has announced to acquire FinoComp for a total consideration of $25 million. FinoComp is an Australian software company provides software services for data analytics, client reporting, performance reporting and regulatory compliance in the UK wealth market.

The transaction is creating a compelling opportunity to deliver “plug and play” solutions to a broader addressable market. Further, the acquisition is expected to be EPS accretive in FY20.

By 12:57 PM AEST, BVS was trading at $4.01, up by 4.97% relative to the last close.

 

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