Iress is to bring Avelo under the Iress brand from the 1st of November, following the acquisition of Avelo by Iress in September.
The acquisition combined Avelo's in-depth UK market expertise with the global reach and experience of IRESS, which employs over 1,340 staff in 14 offices around the world. This latest step in the integration process will provide a platfom for merging the capabilities of Avelo with IRESS' existing financial services market solutions under one unified brand, and demonstrates IRESS' long-term commitment to the financial services market in the United Kingdom.
As a single, integrated entity, IRESS' technology solutions and expertise now stretch from; capital markets information, order management and routing, through wealth management sourcing and advice and practice management technology, to mortgage sourcing and complete sales and origination, across the full spectrum of clients and their needs.
The strategic move also demonstrates the shared recognition that the requirements of regulated markets such as financial services are increasingly global, and learnings across the world can be shared to the benefit of IRESS' clients globally.
Andrew Walsh, IRESS CEO said: "The financial services industry is going through a period of re-invention spurred on by three drivers: consumer demand for greater transparency and value, increasing globalisation, and the on-demand revolution which is changing the way we behave and access financial advice and products.
"The integration of Avelo in to IRESS is progressing well, with the companies now united under a single brand, and enabling us to focus our combined strengths behind a clear strategic vision and ultimately, address the evolving needs of customers with the best solutions and service."
Simon Badley, Managing Director, IRESS UK added: "The single brand clearly represents the combined capability of the two companies and marks a positive new development for our clients. Our dedication to customer service will remain as strong as ever, but clients will now benefit from an enhanced product poortfolio, new innovative technologies, people expertise and increased scale."