TechnologyOne signs with Bravura Solutions to increase UK presence

TechnologyOne UK Ltd (TechnologyOne) has signed a deal to expand its relationship with Australian-based Bravura Solutions Limited (Bravura) [ASX:BVA] - a leading global supplier of wealth management applications and professional services.

TechnologyOne is a provider of business software solutions. Its ‘Financials’ solution, which allows for the efficient interpretation of accounting and financial information was implemented in Bravura’s Australian head office in 2005. The solution will now be rolled out across Bravura’s UK offices.

TechnologyOne will work with Bravura to implement the Financials solution in London, Edinburgh and Wilmslow, streamlining current financial procedures and aligning processes with the company’s Australian head office. Finance Director of Bravura Solutions Limited (UK) Mr Clinton Lander, said, “We are excited to be working with TechnologyOne on an initiative which will significantly reduce costs and streamline our processes. The project will deliver greater control, automation and consolidation, allowing for integration of our financial processes across the different UK offices.

“As Bravura continues to grow exponentially, through new clients and acquisitions, it is important for us to select technology that supports the further expansion we anticipate in the EMEA (Europe, the Middle East and Africa) region.” According to Adrian Di Marco, Executive Chairman, TechnologyOne, the win is especially significant. “It’s a great endorsement that Bravura, an existing customer, has chosen to extend our software to offices in other regions. For us to compete successfully in the UK market is also testament to the global calibre of our technology.”

The UK rollout is expected to be completed by the end of July 2007.