Investment Funds Direct Selects Bravura

Investment Funds Direct (IFDL) has selected Bravura Solutions as its preferred back office technology partner.

The announcement sees the two firms moving to a Planning & Implementation phase that will take around three months to complete while detailed commercials arrangements are concluded.

Hugo Thorman, managing director at IFDL commented: “We announced towards the end of last year that we were continuing to build our front office technology in house but were looking at potential back office partners. This move stemmed from a belief that the back office is becoming an increasingly commoditized function where scalability, flexibility and low operational costs driven through new technology are increasingly important. The due diligence we have conducted over the last few months has, if anything reinforced our thinking on this.”