Iress

Last updated

Iress Limited
Company type Public
ASX:  IRE
Industry Software
Founded1993 (1993)
Headquarters Melbourne, Australia
Key people
Roger Sharp (Chairman), Marcus Price (Chief Executive Officer)
Products Trading platform, market data, wealth management software
Revenue A$: $542.6m(2020)
Number of employees
2,250 (2020)
Website iress.com

Iress is a technology company providing software to the financial services industry in Asia-Pacific, North America, Africa and UK & Europe. Iress software has more than 200 integrations and 300 data feeds, and is used by more than 500,000 users globally. [1]

Contents

It is listed on the Australian Securities Exchange (ASX), and is a member of the S&P/ASX 200 index. [2]

History

Iress stands for Integrated Real-time Equity System. 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’ was 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)’ was launched, in line with the ASX options market moving from floor to screen to commence electronic trading. In November 2000, BridgeDFS listed on the Australian Stock Exchange as BIS.ASX. and in October 2001, BridgeDFS changed its name to Iress Market Technology Limited (Iress).

Over the next decade, Iress 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.

Key acquisitions

Software

Financial Advice

Trading and Market Data

Investment Management

Life and pensions

Superannuation

Automated Super Admin (AU) - digital offering that supports the day-to-day, back-office maintenance of superannuation funds

Global Locations

Australia

United Kingdom

South Africa

Canada

New Zealand

Singapore

Tunisia

[3]

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 communities in Australia, South Africa, Canada and the UK. [1]

Some of the Foundation's support partners include:

Iress Foundation Australia: Whitelion - providing support for at-risk young people, [4]   Two Good - supporting domestic violence survivors and soup kitchens through the power of good food [5] and RURAL AID - Providing hands-on and holistic support to rural Australia. [6]

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. [7] 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. [8]

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. [9] Adopting  the Healing Word Creche (Johannesburg) through Seeds of Africa, a community upliftment intervention. [10] Contribute to training and resources for early childhood development (Durban). [11]

Iress Foundation Canada: Supporting children and youth living with disability, medical complexity, illness and injury. [12]

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.). Since January 2021, Iress’ offices in Sydney and Melbourne use 100% renewable energy. These offices contribute 95% of energy use across Australian operations. [13]

Management team

Board of Directors

Source: [1]

Roger Sharp - Non-Executive Director and Chair

Anthony Glenning - Non-Executive Director

Niki Beattie - Non-Executive Director

Michael Dwyer - Non-Executive Director

Julie Fahey - Non-Executive Director

Trudy Vonhoff - Non-Executive Director

Marcus Price - Managing Director and Chief Executive Officer

Executive Team

Marcus Price - Chief Executive Officer

Kelly Fisk - Chief Communications & Marketing Officer

Julia McNeill - Chief People Officer

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References

  1. 1 2 3 4 "2020 Annual Report" (PDF).
  2. ↑ "ASX 200 Index". ASX. Retrieved 16 September 2021.
  3. ↑ "Vist our offices". Iress.com. Retrieved 16 September 2021.
  4. ↑ "Supporting Youth at Risk". Whitelion ASN.
  5. ↑ "Two Good Co". Two Good Co.
  6. ↑ "Rural aid Australia". Rural Aid.
  7. ↑ "Crisis homelessness charity - Together we will end homelessness". Crisis.
  8. ↑ "Helping Hands Charity - Leamington Spa, Warwickshire, UK". Helping Hands Charity - Leamington Spa, Warwickshire, UK.
  9. ↑ "Bringing Coding into Secondary Schools". Code for Change.
  10. ↑ "Seeds of Africa – Community Development".
  11. ↑ "Tree ECD – Early Childhood Development resources and training". Tree ECD.
  12. ↑ www.hollandbloorview.ca
  13. ↑ "Results & reports". Iress.
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