Business Description:
Bravura Solutions Limited (BVA) provides software solutions for the life insurance, superannuation and private wealth and portfolio administration sectors to markets in Australia, New Zealand, Asia and the UK. BVA also supplies transfer agency platforms supporting retail and institutional administrations to markets in Europe, Middle East and Africa. BVA has two segments: Transfer Agency - Rufus, GTAS and GFAS products; and Wealth Management - Talisman, Garradin, ePASS, Sonata and Legacy products.

Strategy Analysis:
Not long listed, BVA has grown both organically and via strategic acquisition. The company acquired and is rapidly developing financial services software administration systems. It has embarked on an ambitious global growth strategy. BVA is exporting arguably superior experience and capability developed in the Australian financial services market, which in some respects has developed ahead of European and Asian markets. The acquisition of Rufus, a more mature transfer agency business headquartered in the UK, has lowered earnings risk and provides a stable base from which to build European operations. Part of the rationale for acquisitions is to access staff to service a rapidly growing list of clients. The outsourcing of more routine software coding to low cost regions and the conversion of contractors in the UK to full time employees will also help contain staff costs.