Bravura wins new UK contract

Financial software provider Bravura Solutions (ASX:BVA) has scored an extended five-year deal to provide its Rufus platform to the UK's Legal and General Investments

Financial software and services provider Bravura Solutions (ASX:BVA) has won an expanded five-year contract from UK client Legal and General Investments.

Legal and General plans to expand the use of Bravura's Rufus transfer agency support platform to cover the new fund range and distribution channels being introduced as it grows its UK operations.

Bravura said its Rufus platform now administers over £335 million ($535 million) worth of funds across 15 European countries, distributed globally. It supports multiple languages and currencies. Assets under administration by the platform have grown 23 per cent in the past 12 months.

Bravura COO for EMEA, Andy Chesterton, said Legal and General has been a Bravura customer for the past 13 years.

“We have built a strong a strong and successful partnership over the years and we look forward to building on this relationship with this new contract,” he said.

Legal and General Investments is part of the Legal and General Group, which was established in 1836.

BVA shares stayed flat on Tuesday at $0.205.