Menu
Rubik acquires Provisio Software

Rubik acquires Provisio Software

Rubik has also entered into a placement agreement with Wylie Group for more acquisitions

ASX-listed financial technology and software provider, Rubik Financial will acquire scaled advice software vendor, Provisio Software.

Rubik Chairman, Craig Coleman, said it had been evaluating scaled advice software providers in the market and he believes it will be a growing area given the changes accompanying Future of Financial Advice reforms.

Provisio customers include AustralianSuper, HESTA and LUCRF Super. Provisio developed a hosted platform for the provision of scaled advice for both the institutional and independent financial advisor (IFA) markets.

Current Provisio Software CEO, Cameron O'Sullivan and CTO, Jye Tucker, will join Rubik's wealth management team. It will also provide institutions and IFAs with the ability to access Provisio's scaled advice platform as well as Coin Software.

Rubik purchased Macquarie Bank's Coin software business unit in June. Coin was Macquarie’s financial planning software business, which provides technology to financial advisers and mortgage brokers.

Rubik has also entered into a placement agreement with the Wyllie Group, an existing shareholder, to help make further acquisitions. The group has also been reorganised with the promotion of managing director of wealth, Wayne Wilson, to report directly to the board.

Follow Us

Join the ARN newsletter!

Error: Please check your email address.

Tags Rubik FinancialacquisitionsFinancial Services

Slideshows

IN PICTURES: ARN Emerging Leaders Think Tank, Sydney (+40 photos)

IN PICTURES: ARN Emerging Leaders Think Tank, Sydney (+40 photos)

Twenty-one industry leaders came together with ARN staff for an Emerging Leaders Think Tank, held at The Bottle Shop in Sydney​. The aim of the planning session was to develop a compelling program for high potential leaders in the Australian ICT industry.​ Over two hours of strong debate a core line of thought evolved which will form the basis of the Emerging Leaders Forum to be held on May 17 in Sydney. Photos by MARIA STEFINA.

IN PICTURES: ARN Emerging Leaders Think Tank, Sydney (+40 photos)

iasset.com is a channel management ecosystem that automates all major aspects of the entire sales, marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.

Show Comments