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Bravura Solutions and Thunderhead Sign Partnership Agreement to Support Multi-Channel Customer Communications for Wealth Management
Sydney, Australia - 29 June, 2009
Bravura Solutions - a leading global supplier of wealth management applications and professional services - and Thunderhead, a market leader in document automation and customer communications solutions, today announced they have signed a global referral agreement, giving Thunderhead the opportunity to supply its software to Bravura clients, offering an integrated enterprise solution for producing multi-channel member communications.
Under the terms of the agreement, Bravura's clients will be able to take advantage of Thunderhead's powerful enterprise communications platform, Thunderhead NOW, which enables business users to control the creation and delivery of personalized customer communications. The platform's multi-channel capabilities ensure that the right information is delivered to the right audience, via customers' preferred channels, quickly, accurately and easily.
Bravura and Thunderhead also share a joint commitment to reduce carbon footprints by offering members the ability to reduce paper usage through clearer, more concise statements and alternative paperless member communications, such as email, Web and SMS messages.
“We are excited by our new partnership with Thunderhead,” said Darren Stevens, Bravura's Global Head of Product. “We were looking to partner with an innovative provider that is respected in the financial services industry and understands the market's specific needs. We also wanted a partner that would complement our existing and future solutions.
“We anticipate significant benefits for our clients that choose to work with Thunderhead. They can expect to experience a reduction in costs, streamlined processes and greater consistency across communication channels to all of their customers,” he added.
The combination of Bravura and Thunderhead applications will provide a valuable solution for product providers to create and manage client communications. The new joint offering will enable electronic distribution to cut costs, as well as tailored and targeted messaging and segmentation, automated content control for audit and compliance requirements, and multi-channel and white-label (for multiple brands) communications delivery.
“Bravura's transfer agency and wealth management products have firmly established its leading position in the marketplace,” said Thunderhead CEO Glen Manchester. “Similarly, Thunderhead is a recognized leader in the customer communications management market, with our proven, yet highly innovative NOW platform. We look forward to working with Bravura to help financial services organizations to both streamline communication processes and improve customer engagement.”
About Bravura Solutions Limited
Bravura Solutions Limited (Bravura) is a leading global supplier of professional consulting services and highly specialised administration and management applications for superannuation and pension, life insurance, investment, portfolio administration, transfer agency and STP financial messaging.
Bravura provides professional services and wealth management applications to more than 180 financial institutions including a range of corporate clients. More than 18 million customer accounts are administered on Bravura software, with more than A$1.5 trillion in funds managed globally.
Bravura currently employs more than 570 people staffing 14 offices across Australia, New Zealand, UK, Europe, Poland, Asia and South Africa.
Bravura is proud to have won the 2009 Australian Business Awards for International Trade in the IT&T category, the 2008 European International Custody and Fund Administration award for European Asset Servicing Technology Vendor of the Year, and to be listed as the only Australian company in the American Banker global FinTech 100 in both 2007 and 2008. Bravura is also recognised as one of the 50 financial technology companies included in the global Finextra50 Financial Technology Index.
American Depositary Receipts (ADRs): Bravura's ADRs trade under the code BRVSY. Each Bravura ADR is equivalent to 20 ordinary shares of Bravura as traded on the Australian Securities Exchange (ASX). The Bank of New York Mellon is the depositary bank. Bravura's ADRs are listed on International OTCQX (www.otcqx.com), a premium market tier in the U.S. for international exchange-listed companies, operated by Pink OTC Markets, Inc.
For further information, visit http://www.bravurasolutions.com
