Politis upgrades to Garradin and signs five-year contract with Bravura Solutions

15 May 2008 Politis upgrades to Garradin and signs five-year contract with Bravura Solutions

Sydney, 15 May 2008 (ASX: BVA) – Bravura Solutions Limited (Bravura) – a leading global supplier of wealth management applications and professional services – today announced a new five year contract with existing client, Politis Investment Strategies, a boutique private client investment firm. Politis are upgrading from Bravura’s CIM application to Bravura’s Garradin application.

As a provider of integrated investment and financial solutions, Politis required a product to support its strategy of bringing SMA / IMA products to the market but also its long-term objective of new product launches, particularly in the taxation and equity administration space. After a thorough examination of the available applications, Politis chose to implement Bravura Solution’s Garradin software to replace its existing portfolio management system.

“We believe that the Garradin system is the best functional and technical solution to meet our current and future needs,” said Gregory Politis, Director at Politis.

“Key factors that influenced our decision were Garradin’s superior functionality, the capability of the Bravura’s consultants and our confidence in their ability to support our business aspirations well into the future.

“We have been using Bravura’s CIM applications for more than two years already, and are keen to upgrade and further continue to strengthen our existing relationship with them”, he said.

Garradin is a comprehensive, multi-currency investment management system with integrated asset management, registry and tax management functions. It is a single platform, fully modular system that can be deployed across multiple sectors and has been ‘future-proofed’ to avoid complex programming changes and implementation issues.

“We are delighted that Politis has chosen to implement Garradin, one of our leading strategic products. Our continuous investment in research and development for this product ensures that it remains at the forefront of solutions to support and grow with our clients’ future requirements,” said Simon Woodfull, Bravura Solutions Group CEO and Director - Operations.

“It is also pleasing that Politis’ due diligence process resulted in the selection of Garradin as a stand out business solution in the market,” he said.