IRESS continues overseas adventure

The £210m acquisition of UK-based Avelo, announced with its interim result, continues IRESS’s offshore expansion. Jason Prowd dissects the deal.

We often deride companies that make acquisitions – especially ones offshore funded with debt. Too often today's 'compelling opportunity' is tomorrow's 'non-core' write-off. Market data and wealth management software firm IRESS is different. Australia has an extremely sophisticated financial system where IRESS has honed its skills before taking them into Canada and South Africa, each time via a calculated acquisition that never puts the company's financial position at risk (see The Iress money making machine for more).



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles