Novigi acquires Iress Super business from Apex | Australian Markets

Fast-growing specialist information and technology companies business, Novigi has acquired the Iress Superannuation and Consulting Managed Services from Apex Group within the rapid aftermath of Apex shopping for the business.

Novigi in saying the acquisition at present it represented one other important step ahead within the firm’s close collaboration with Apex.

As half of the transaction, over 100 specialised superannuation consulting and technology companies consultants have joined Novigi, bolstering its complete headcount to just about 400 people.

Commenting on the transaction, Novigi chief govt, Ash Priest stated it was ain integral element of the firm’s growth strategy.

Our collaboration with Apex Super has been a spotlight of Novigi’s growth trajectory and we’re excited concerning the future,” Priest stated.

He stated the Apex Superannuation and Novigi working model brings collectively best-of-breed functionality to construct, deploy and operate world-class information and technology options. These strengths underpin the supply of distinctive member companies and extremely adaptable administration options. By aligning every celebration to its core competencies, this strategic division of property eliminates redundancy and enhances worth throughout the broader ecosystem.

“As the data and technology partner to the superannuation and wealth management industry, Novigi needs to provide leading services at scale around the most relevant technologies for the sector. The highly regarded Acurity software suite is deeply embedded in the wealth management sector, and this transaction enhances our ability to meet growing market demand with unparalleled expertise,” stated Priest.

Nicholas Happell, Regional Managing Director, Asia Pacific at Apex stated “This latest transaction ensures that the acquisition of Iress’ superannuation business will ship the best outcomes for the industry. By dividing the business on this approach, every entity focuses on its core competencies. Apex Super will leverage its world experience to ship the Acurity core and peripheral product development and main administration companies, supported by Novigi’s proficiency in managing and bettering the underlying technology stack and companies.

:We may also work collectively to develop our mixed software program functions into a market-leading ecosystem, with the top consequence being easier service and elevated technology investment, bettering the expertise for all software program customers, administration purchasers and members.”

“We are also delighted to welcome another highly skilled team that will enhance our capabilities and align with our strategic vision. We look forward to integrating this talented group into the Novigi operating model,” Priest concluded.