Top 10 Information Technology (IT) Companies in Australia 2015
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2. IRESS Limited
IRESS Limited is an Australia-based software company that specializes in wealth management and financial services industry.
• Revenue: AUD 329 million
• Market Value: AUD 1740 million
It is headquartered in Melbourne, Australia. In 1993, Dunai Financial Systems (DFS) was formed by Peter Dunai, Hung Do and Neil Detering. In June, 1995, IRESS equity information system was launched into the Australian marketplace. Bridge Information Systems acquires 80% of Dunai Financial Systems (DFS) and forms BridgeDFS in January, 1997. After getting listed in Australian Stock Exchange, BridgeDFS changes its name to IRESS Market Technology Limited in October, 2001. IRESS starts providing wealth management software solutions after the acquisition of XPLAN Technology Ltd. in March, 2003. In some of the recent acquisitions, IRESS acquired Peresys (Pty) Limited making it the leading provider of sell side and buy side financial markets technology in South Africa. In September 2013, it acquired Avelo FS Holdings Limited, a leading provider of financial services technology in the UK.
IRESS produces innovative solutions for serious financial market and wealth management participants. It provides two core products – IRESS and XPLAN. Both comprise of a trading and equity information platform, and a suite of financial planning and associated tools. IRESS clients range from large corporations to independent operators. It supports all financial market and wealth clients who need to manage and monitor industry information.