Birmingham tech firm Delta Financial Systems听has been acquired by Sydney-headquartered听Bravura Solutions.听
A member of听叠耻蝉颈苍别蝉蝉颁濒辞耻诲鈥檚听Midlands Tech 50 ranking, Delta听provides technology to power complex pensions administration听and has more than 30 clients in the UK.听
The deal, for a听total consideration of up to听拢23听million,听is听expected听to go through before the end of October.听
鈥淲e are delighted that Delta is joining Bravura. Both businesses have complementary products that together, provide a compelling offering to support the mission-critical operations of wealth management firms in the UK,鈥� said Bravura CEO Tony Klim.听
Michael Power, CEO and听co-founder of Delta,听said:听鈥淏ravura is a leader in the UK wealth management marketplace and Delta鈥檚 products sit perfectly alongside Bravura鈥檚 offering.听听
鈥�The Delta management team look forward to working together with Bravura to deliver outstanding service to both Bravura鈥檚 clients and Delta鈥檚 clients.鈥�听