Bravura has acquired UK pensions software program firm Delta Monetary Methods for $41 million, broadening its rising vary.
Delta supplied expertise to pension directors within the UK marketplace for 30 shoppers and Bravura mentioned it was forecasted to realize income development within the vary of 20%-30%.
The acquisition was anticipated to be accomplished by the top of October 2020 topic to regulatory approval.
Michael Energy, chief govt of Delta, mentioned: “Bravura is a frontrunner within the UK wealth administration market and Delta’s merchandise sit completely alongside Bravura’s providing. The Delta administration staff stay up for working along with Bravura to ship excellent service to each Bravura and Delta’s shoppers.
“We’re delighted that Delta is becoming a member of Bravura. Each companies have complementary merchandise that collectively present a compelling providing to assist the mission-critical operations of wealth administration corporations within the UK,” mentioned Tony Klim, chief govt of Bravura.