In a bid to be more agile, wealth management firm Bravura Solutions Ltd has transformed its old client server environment by moving to a Java platform and developing a new Web-based product suite dubbed Sonata.
Bravura has transformed its Talisman wealth applications products from PowerBuilder and Sybase platforms, into Java, JSF (Java Server Faces) and Oracle platforms.
The project was undertaken by Quipoz, an Australian provider of legacy software transformation services.
Quipoz director of insurance and financial services Mark Midwinter said the Talisman software has been re-engineered to comply with a more strategic architecture.
"This will enable them to maintain the new application with fewer resources and add new function more rapidly," Midwinter said.
"Ultimately this improved efficiency will benefit the end users."
Talisman software is now part of the Sonata suite of applications and is used for the administration of wrap platforms, master trusts, retail and wholesale unit trusts, and retirement products.
In coming months, Talisman will undergo assessment services through a joint testing facility established by Bravura Solutions and IBM in China.
Earlier this year the Sonata suite of applications became certified under IBM's Insurance Application Architecture (IAA) and a version of Sonata is already in use.
Bravura CEO Iain Dunstan said the organization wanted to undertake and most efficient and cost-effective means of merging all of its IT into a common architecture, while preserving business logic.
"Going forward, working from a single integrated architecture will radically improve our product speed to market, as well as our ability to deploy legislative changes more efficiently," Dunstan said.
"Unlike the traditional approaches to upgrading older systems, which involve considerable risk and cost, the Quipoz transformation methodology costs substantially less and is achieved with reduced risk."