SYDNEY: Iress Limited announced it has entered into an agreement to divest its Superannuation business to Apex Group Ltd. as part of a strategic transformation. Iress, a software provider, will release $40 million AUD in cash upon completion, with additional payments of up to $20 million AUD over the next 12 months based on revenue…
SYDNEY, AUSTRALIA: Iress Limited (IRE: ASX)has entered into a binding agreement to divest its UK Mortgage Sales & Originations business to Bain Capital Tech Opportunities LP for a total cash consideration of £85m. The sale marks a significant advancement in Iress’ transformation strategy to divest non-core assets and strengthen its balance sheet. Iress’ Mortgages business…
Iress Limited is a technology company providing software to the financial services industry in Asia-Pacific, North America, Africa and Europe. Iress software is used by more than 9,000 businesses and 500,000 users globally. It is listed on the Australian Securities Exchange (ASX), and is a member of the S&P/ASX 200 index. Traded as: ASX: IRE…