Bravura Solutions and Sybase join forces

Sydney/London, 5 August 2009 (ASX: BVA/OTCQX: BRVSY) – Bravura Solutions Limited (Bravura), a leading global supplier of wealth management applications and professional services, and Sybase, an industry leader in delivering enterprise and mobile software, have joined forces to allow Bravura to offer its award winning wealth management platform, Talisman, on a hosted basis for the first time in the United Kingdom (UK).

Bravura initially entered into a master partner agreement with Sybase in 2005, to deliver its Sonata Suite of financial services solutions, including the Talisman application, on the high-availability, high-performance Sybase® Adaptive Server® Enterprise (ASE) database platform. Over the past three years, the organisations have worked together to deliver solutions to leading financial services institutions.

Bravura is now able to provide secure hosted applications to support clients’ wrap propositions from its UK data centre. Customers will benefit from IT operational advantages including smart partitioning, significant performance improvements brought about by patented query processing and on disk encryption.

Bravura’s Talisman solution is an enterprise-wide wealth management platform for the administration of a wide range of tax structures and products, including retirement savings, investment, portfolio administration and life insurance.

Bravura selected Sybase as the platform for Talisman due to the ease of development, deployment and scalability offered by the Sybase platform, which includes Adaptive Server Enterprise (ASE) and PowerBuilder®, as well as Sybase’s track record of zero data loss.

“Through our global partnership agreement with Sybase, our wrap platform is being used in the UK market on a hosted basis for the first time. Hosting Talisman reduces time to market for our customers which is critical in current market conditions. Sybase gives us a tremendously resilient platform to underpin our hosted offering,” said Nick Parsons, Global CTO at Bravura.

Gary West, Country Manager, Sybase, (UK) Limited, commented: “Our high performance, mission-critical database management systems make it possible for organisations to extend the reach of business-critical information to the frontline of business while reducing operational costs and risk. Together with Bravura, we help enterprises lay the long-term foundation for strategic agility and continuing innovation in mission-critical environments.”

Bravura provides professional services and wealth management applications to more than 180 financial institutions globally. More than 18 million customer accounts are administered on Bravura software, with more than US$1 trillion in funds managed globally.

 

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