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.

CHANNEL CHOICE: Vote Now for your favourite in the three categories: Vendor, Distributor and Reseller. Voting closes August 8.

Tags Rubik FinancialacquisitionsFinancial Services

More about Macquarie Bank

Comments

Comments are now closed

 
Computerworld
CIO
Techworld
CMO

Latest News

03:37PM
Qlik launches data visualisation app for beginners
02:36PM
Ultradata Australia acquires Vermilian
01:32PM
NBN Co examines 'connected home' opportunities for RSPs
11:30AM
Hills and Uplogix ink exclusive distribution agreement
More News
29 Jul
SplunkLive!; Canberra
05 Aug
Systems Technology Day - Build Your Own Private Cloud
06 Aug
Oracle Employee Experience Journey Mapping Workshops
20 Aug
Westcon Group Imagine 2014 - Melbourne
View all events