Bravura set to acquire platform software company for £13m

The cost of the acquisition, which is expected to be completed by the end of October, is equal to AUS$25m (Australian dollars). According to Bravura, FinoComp will add functionality, bringing new wealth management clients and cross-selling opportunities to existing clients as well as creating an opportunity to deliver "plug and play" solutions to a broader market. Bravura provides the technology for the Nucleus, Fidelity FundsNetwork and Ascentric platforms. FinoComp managing director Ray Tubman (pictured) set up the business in 2015 after leaving platform technology provider and B...