IRESS

Last updated

Iress Limited
Public
Traded as ASX:  IRE
Industry Software
Founded1993 (1993)
Headquarters Melbourne, Australia
Key people
Tony D’Aloisio (Chairman), Andrew Walsh (Chief Executive Officer)
Products Trading platform, market data, wealth management software
Revenue A$: 464.6 million (2018) [1]
Number of employees
1950 [2]  (2019)
Website iress.com

Iress is an Australian software company specialising in the development of software systems and services for financial markets and wealth management.

Contents

Iress software is used by more than 9,000 businesses and 500,000 users globally. [3]

It is listed on the Australian Securities Exchange (ASX), and is a member of the S&P/ASX 200 index. [4]

History

The company was formed in June 1993 as Dunai Financial Systems (DFS) by Peter Dunai, Neil Detering and Hung Do. Two years later the equity information software product ‘Iress’ is launched. In January 1997 Bridge Information Systems acquired 80% of Dunai Financial Systems (DFS) and formed BridgeDFS.

In June 1997 the trading software product ‘Iress Order System (IOS)’ is launched, in line with the ASX options market moving from floor to screen to commence electronic trading. [5] In November 2000, BridgeDFS lists on the Australian Stock Exchange as BIS.ASX. and in October 2001, BridgeDFS changes its name to Iress Market Technology Limited (Iress).

Over the next decade, Iress would expanded from a predominantly Australian operation, into a global technology business through a string of acquisitions. The company continued to evolve and expand to serve multiple client segments internationally. It faced a range of competitors, and its software services incorporated global technology trends and financial services regulatory influences. [6]

Key acquisitions

Software

Financial Advice

Trading and Market Data

Investment Management

Mortgages

Life & pensions

Superannuation

Global Locations

Australia

United Kingdom

France

South Africa

Canada

New Zealand

Singapore

Corporate affairs

Corporate Social Responsibility

Iress Foundation

Established in 2017, the Iress Foundation initiatives are driven and run by Iress people from around the world. The initiatives involve creating events and fundraising programs to support people in the local community.

Some of the Foundation's support partners include:

  • Iress Foundation Australia: Whitelion - providing support for at-risk young people (www.whitelion.asn.au),  Two Good - supporting domestic violence survivors and soup kitchens through the power of good food (https://www.twogood.com.au/) and RURAL AID - Providing hands-on and holistic support to rural Australia. (www.ruralaid.org.au).
  • Iress Foundation United Kingdom: Cobalt Health supports patients with cancer, dementia and other conditions and is focused on helping everyone get access to the best medical imaging for their diagnosis (www.cobalthealth.co.uk). The Grange Centre provides vital services supporting people with learning disabilities to lead independent and fulfilling lives (www.grangecentre.org.uk). Crisis is the UK national charity for homeless people, working directly with thousands of homeless people every year to provide vital help so that people can rebuild their lives and are supported out of homelessness for good (www.crisis.org.uk). The Helping Hands Community Project gives people the support and opportunities they require to feel better about themselves, be more active in the community and get back into work (www.helpinghandscharity.org.uk).
  • Iress Foundation South Africa: Building an eco-system of coding skills and digital entrepreneurs in secondary schools to help build a new South African economy. (www.codeforchange.co.za). Adopting  the Healing Word Creche (Johannesburg) through Seeds of Africa, a community upliftment intervention (www.seedsofafrica.co.za). Contribute to training and resources for early childhood development (Durban) (www.tree-ecd.co.za).
  • Iress Foundation Canada: Supporting children and youth living with disability, medical complexity, illness and injury. (www.hollandbloorview.ca).

Environmental practices and initiatives

Since 2015, Iress has reported its energy use, air travel for all offices (and associated emissions for a number of offices), in addition to paper use as part of its risk reporting as recommended by the ASX Corporate Governance Principles and Recommendations (3rd ed.). In 2020, Iress will begin to report on e-waste generated at all its global locations.

Iress’ general goal is a net reduction of energy, emissions, air travel and paper use year on year, on a per capita basis, for all locations.

Management team

Board of Directors [7]

Tony D’Aloisio- Chairman

Niki Beattie - Non-Executive Director

John Cameron - Non-Executive Director

Julie Fahey - Non-Executive Director

John Hayes - Non-Executive Director & Chair of the Audit and Risk Committee

Jenny Seabrook - Non-Executive Director and Chair of the People and Performance Committee

Geoff Tomlinson - Non-Executive Director

Andrew Walsh - Executive Director and Chief Executive Officer

Executive Team [8]

Andrew Walsh - Chief Executive Officer

Aaron Knowles - Group Executive (Product)

Andrew Todd - Chief Technology Officer

Coran Lill - Group Executive (Communications and Marketing)

Jason Hoang - Managing Director (Asia)

John Harris - Chief Financial Officer

Julia McNeill - Group Executive (People)

Kirsty Gross - Managing Director (Financial Markets, Australia and New Zealand)

Peter Ferguson - Group General Counsel and Company Secretary

Phil Quin-Conroy - Managing Director (UK)

Ray Pretorius - Managing Director (South Africa)

Simon New - Group Executive (Strategy)

Tizzy Vigilante - Managing Director (Wealth Management - Australia and New Zealand)

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References

  1. "IRESS reports 2018 financial results" (PDF).
  2. "About us - Iress".
  3. "About us | Iress". www.iress.com. Retrieved 16 August 2019.
  4. ASX 200 Index: Website
  5. "Guide to Equity Options for Investment Managers" (PDF).
  6. Iress ESG Report - 2018
  7. "Board of directors". www.iress.com. Retrieved 16 August 2019.
  8. "About us". www.iress.com. Retrieved 3 December 2019.