Aussie fintech Bravura Solutions acquires Delta Financial Systems
Summary
SEE ALSO: E-Scooter startup raises $12M Series A for ANZ expansion Delta Financial Systems offers technology that helps power complex pensions administration in the United Kingdom market. Currently, Delta’s technology supports the needs of over 30 UK clients and has generated pro forma revenue of 6 million pounds in FY 2020. The company is predicted to reach revenue growth in the range of 20-30% this year, with margins that are similar to Bravura’s Wealth Management segment. Since the news of the acquisition began making rounds, shares in Bravura Solutions are trading 5.6 per cent higher at $3.57. SEE ALSO: Ticket reseller Viagogo fined $7 million for misleading Australian customers For more updates and latest tech news, keep reading iTMunch