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

Related Research Articles

<span class="mw-page-title-main">Australian Securities Exchange</span> Australian share market operator

Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange. The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with the Sydney Futures Exchange in 2006.

Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, and was founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services.

<span class="mw-page-title-main">Webcentral</span> Australian digital services company

Webcentral, formerly known as Melbourne IT Group, is an Australian digital services provider. It is a publicly-traded company that was listed on the Australian Securities Exchange in December 1999. It provides internet domain registration, email/office applications, cloud hosting, cloud services, 5G networks, managed services, IT services, DevOps security, and digital marketing. Founded in 1996, it was the first Australian domain name registrar.

Anthony Michael "Tony" D'Aloisio AM was Chairman of the Australian Securities and Investments Commission (ASIC). He held the position from 13 May 2007 to 2011, having previously served as an ASIC commissioner.

REA Group Ltd and its subsidiary companies, known as the REA Group, make up a global online real estate advertising company. REA Group is headquartered in Melbourne, Australia, with subsidiary offices in Wanchai, Hong Kong and Gurugram, India.

<span class="mw-page-title-main">Macquarie Group</span> Australian investment bank and financial services company

Macquarie Group Limited, known more commonly as Macquarie Bank, is a global investment banking and financial services group providing banking, financial advisory and investment, and funds management services, to institutional, corporate, and retail clients and counterparties, around the world, headquartered in Sydney and listed in Australia. Macquarie Bank employs more than 20,000 staff across four operating groups in 34 markets and its Investment Banking division is Australia's top ranked mergers and acquisitions adviser with more than A$871 billion in assets under management and is the world's largest infrastructure asset manager.

TechnologyOne Limited is an Australian enterprise software company founded in 1987. The company is headquartered in Fortitude Valley in Brisbane, Australia, with other offices in United Kingdom (UK), New Zealand, South Pacific and Asia. It is listed on the Australian Securities Exchange with the symbol TNE and is a constituent of the ASX 200 index.

<span class="mw-page-title-main">BBY Limited</span> Former Australian stockbroker company

BBY Ltd was an Australian stock broking, corporate advisory and asset management firm. Prior to its voluntary administration on 18 May 2015, it claimed to be the largest independent stockbroker in Australia and New Zealand by market share. The group provided financial and advisory services to emerging companies and their investors including corporate finance, research, sales & trading, asset management and broker dealer services.

<span class="mw-page-title-main">Xero (company)</span> Accounting software company

Xero is a New Zealand–based technology company that provides cloud-based accounting software for small businesses. The company has offices in New Zealand, Australia, the United Kingdom, the United States, Canada, South Africa and Singapore. Xero's products are based on the software-as-a-service model and sold by subscription, based on the type and number of entities managed by the subscriber. The products are used in over 180 countries.

<span class="mw-page-title-main">Blythe Masters</span> British economist (born 1969)

Blythe Sally Jess Masters is a British private equity executive and former financial services and fintech executive. She is a former executive at JPMorgan Chase, where she was widely credited for developing the credit default swap as a financial instrument.

<span class="mw-page-title-main">Sundance Resources</span>

Sundance Resources Limited is an Australian mining company, based in Perth, Western Australia, whose main assets are iron ore leases in Cameroon near Mbalam, and across the border in the Republic of Congo. Following the loss of the Congo mining licence in 2020, Sundance Resources delisted from the Australian Securities Exchange and sued Congo to acquire $8.76 billion in compensation.

<span class="mw-page-title-main">Flight Centre</span> Multinational retail travel agency

Flight Centre Travel Group (FCTG) is an Australian travel agency. It was founded in 1982, and is headquartered in Brisbane, Australia.

<span class="mw-page-title-main">Bellamy's Australia</span>

Bellamy's Australia is a major Australian food and beverage company, and is the parent company of Bellamy's Organic, Australia's largest organic infant formula producer.

Vista Group International Limited is a multinational tech conglomerate that provides technology for film distribution, exhibition and analytics globally. They are made up of eight businesses with more than 630 staff across offices in Auckland, Sydney, Los Angeles, London, Shanghai, Beijing, Mexico City, South Africa, the Netherlands and Romania. Its software is installed in cinemas in 116 countries. Vista Group is listed on both the New Zealand Stock Exchange (NZX) and Australian Securities Exchange (ASX).

<span class="mw-page-title-main">Gerd Schenkel</span>

Gerd Schenkel is an Australian-German businessperson. He is the founder of UBank, former Chair of Credit Clear (ASX.CCR), a former non-executive Director of Helia (ASX.HLI), and Senior Adviser at Kearney, a global consultancy.

Cathie Reid AM is an Australian businesswoman who was inducted into the Australian Businesswomen's Hall of Fame in 2015 and included in the Australian Financial Review Top 100 Women of Influence. In June 2019, Reid was honoured with a Member of the Order of Australia (AM) for her significant service to healthcare delivery and philanthropy.

Appen Limited is a publicly traded data company listed on the Australian Securities Exchange (ASX) under the code APX.

<span class="mw-page-title-main">Cromwell Property Group</span>

Cromwell Property Group is a commercial real estate investment and management company with operations in Australia, New Zealand and Europe. The Group is in the ASX 200 list. At December 2020, Cromwell had a market capitalisation of $A2.3 billion, a direct property investment portfolio in Australia valued at $A3 billion and total assets under management of $A11.6 billion across Australia, New Zealand and Europe.

Nanosonics is a ASX-listed company in the healthcare industry which manufactures and distributes ultrasound probe disinfectors and other related technologies. It has offices in Australia, the U.S. and Canada, the United Kingdom and Europe, employing more than 300 people.

Beamtree is a health data analytics company based in Sydney, Australia. Tim Kelsey was appointed chief executive in December 2020. Mark Britnell was appointed chair of the Beamtree Global Impact Committee in August 2021.

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. ↑ http://www.hollandbloorview.ca [ bare URL ]
  13. ↑ "Results & reports". Iress.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.