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Iress completes the sale of its Managed Funds Administration business to SS&C Technologies - Vimarsana News

Iress completes the sale of its Managed Funds Administration business to SS&C Technologies

ASX-listed Iress has today announced progress against its strategy. The sale of the Managed Funds Administration (MFA) business to SS&C Technologies was completed on Sunday 1 October. As announced on 21 August 2023, SS&C have purchased the MFA business for a total cash consideration of $52 million subject to customary working capital adjustments. Iress have stated that they will use the net proceeds of the sale to retire debt. Iress' Chief Executive Officer Marcus Price said, "In April, we outlined our plans for our Managed Portfolio of non-strategic assets. Our approach has ...

The biggest people moves of Q3 - Vimarsana News

The biggest people moves of Q3

Money Management collates the biggest hires and exits in the financial services space of the last three months.

Iress names interim wealth CEO and bolsters super segment - Vimarsana News

Iress names interim wealth CEO and bolsters super segment

The fintech has appointed an interim wealth CEO to succeed Harry Mitchell, who takes on additional responsibilities in the UK, and has flagged superannuation as a growth business following the QAR.

2 dead after high-rise apartment fire in Midtown, MFD says - Vimarsana News

2 dead after high-rise apartment fire in Midtown, MFD says

Firefighters responded Friday afternoon to a fire at a high-rise apartment building in Crosstown Memphis, officials said.

ASX IRE: Iress shares falls after lower guidance, paused dividends - Vimarsana News

ASX IRE: Iress shares falls after lower guidance, paused dividends

Shares in the financial software and data firm are down nearly 30 per cent after disappointing half-year results.

Source: afr.com