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).


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've 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 activate your membership

If you didn't receive SMS code please

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

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles