IRESS, an Australian-headquartered supplier of solutions to the financial markets, wealth management, and mortgage sectors, acquired INET BFA in September 2016 for R150 million to add the company’s market data to its product suite and provide an expanded offering to its clients. The acquisition of INET BFA followed IRESS’Ss purchases of Spotlight in 2007 and Peresys in 2011, boosting its presence in South Africa.
IRESS was founded in 1993 and in addition to offices in Johannesburg, Durban and Cape Town IRESS has extensive operations in the United Kingdom, Australia, New Zealand, Asia and Canada.
The acquisition of INET BFA enables IRESS to provide scale to clients in South Africa as it builds on its existing operations and strives to offer locally relevant, unified data and financial technology solutions. As an established long-term provider in South Africa, IRESS is investing in bringing more of its world-class technology to the country, creating solutions for local needs and supporting South African clients with a strong on-the-ground team.
Ray Pretorius, MD of IRESS in South Africa, said: “Bringing together everything our clients need in a single, integrated platform is a major focus for IRESS in South Africa. Over the past few years, we have enhanced our unified financial technology solutions with local capabilities from acquisitions such as Peresys (trading terminals), Spotlight (financial planning software) and INET BFA (market data, analysis tools and financial data feeds).
“We have brought these companies together into a single South African business that offers a unified solution to the market. By rebranding INET BFA, we will grow awareness of the depth of the IRESS portfolio in the local market.”
Changing INET BFA’s name also better reflects how we can offer INET BFA clients in South Africa access to our global solutions.
Journalists, for further details, please contact:
Telephone: +27 (0)10 492 1233
Telephone: +27 (0)11 803 0030 / +27 (0)83 925 9676
IRESS is a leading supplier of technology for financial markets, wealth management and the mortgage industry in South Africa, Australia, Asia, New Zealand, Canada and the United Kingdom.
All product streams support a diverse range of roles and offer front, middle and back-office functionality for clients that range from financial service institutions through to independent operators.
IRESS is a progressive, service-based organisation that employs over 1500 staff globally, with local knowledge and industry experience.
IRESS strives for excellence in relationships with clients and industry bodies alike. IRESS is client-driven, responsive and promotes a culture that supports working with customers and the industry to face challenges and keep pace with industry developments.
IRESS Limited announced statutory net profit for the 12 months to 31 December 2016 of $59.5 million, up 7% over the prior year.
IRESS today announces it has entered into an agreement to acquire INET BFA, an established South African provider of market data, analysis tools and financial data feeds.
IRESS Limited today announced its results for the six months to 30 June 2016.
IRESS is pleased to announce it has achieved ISO/IEC 27001:2013 security certification following an audit by the highly-respected British Standards Institution (BSI).
IRESS Limited today announced statutory net profit for the 12 months to 31 December 2015 of $55.4 million, up 9% over the prior year.
IRESS announces it has successfully migrated all Namibian equity stock brokers to IRESS trading solutions
IRESS Limited today announced its results for the six months to 30 June 2015.
IRESS, the leading supplier of financial markets, wealth and mortgage management systems is pleased to support all three finalists in the 2015 Financial Planning Institute (FPI) Financial Planner of the Year awards.
SmartHub is a trade messaging hub designed to connect financial market participants locally and across the globe, covering FIX and other trading communities.
IRESS Limited today announced Full Year Results for 12 months to 31 December 2014.
IRESS has announced its results for the half year ended 30 June 2014.
IRESS brings market data to the masses using social media.