Bravura Solutions has extended its partnership with Next Financial for a further two years.

11 May 2007 Bravura Solutions has extended its partnership with Next Financial for a further two years.

Sydney, 08 May 2007 (ASX: BVA) – Bravura Solutions Limited (Bravura) - a leading global supplier of wealth management applications and professional services - has extended its partnership with Next Financial for a further two years. Next Financial is one of Australia’s top private investment managers specialising in equities, derivatives and hybrid securities.

Following a review of the market, Next Financial has selected Bravura’s Complete Investment Manager (CIM) as the administration system for its Individually Managed Accounts (IMAs) and Separately Managed Accounts (SMAs).

Peter Kennedy, Next Financial Managing Director said: “Next Financial has an excellent pre-existing relationship with Bravura. Over the past three years the Bravura team has provided us with systems support, service delivery and strategic consulting to implement a number of software enhancements specific to our business.

“The wide functional coverage of Bravura’s CIM technology and business process solutions will enable Next Financial to offer our customers access to innovative, tax effective and individualised products.”

Simon Woodfull, Bravura Chief Executive Officer Global Operations said: “Bravura’s partnership with Next Financial is highly valued and we are delighted they chose us to continue supporting their customers and business through our CIM administration system.

“Next Financial’s decision to continue its partnership with Bravura highlights our strategic position in the managed accounts market. We have made significant investments in the support of managed accounts products such as IMAs and SMAs. Bravura is well positioned to take advantage of the growth in the Australian market.”