Prior close: $3.38
Strategic investment in the UK
Bravura recently announced the agreed acquisition of Delta Financial Systems in the UK for up to GBP23 million ($41.5 million) cash by the end of this month. After the company’s lacklustre 2020 financial year revenue growth, there was growing pressure on management to deliver more organic and acquisitive revenue growth this year and beyond. The acquisition of Delta appears to be a step in the right direction.
Who is Delta Financial?
Delta Financial Systems is a UK pensions administration software provider with over 20 clients.