Financial services software company Rubik Financial is continuing to grow its business, with its client base growing both organically and through acquisition, as part of its stated long-term growth strategy.
Iain Dunstan, chief executive officer of Rubik, said the business is achieving its goals of retaining existing clients while also adding new ones.
“Over the last few months we have signed new contracts with the four major financial institutions which make up the core of our COIN client base, and each has renewed their contracts for a minimum two year term.
“These new contracts stand the business in good stead for the future. With nearly 11,000 users of Rubik Wealth software solutions, Rubik is consolidating its position in the industry. There is also a high level of interest coming through, with the pipeline now stronger than it has been in a number of years. Further, we have seen a significant increase in the number of inquiries we are receiving each week.
“There has been a lot of talk in the industry about dealer groups and IFAs considering their software options, and we are certainly seeing the results of this via the inquiries we are receiving and the work that our recently expanded sales team is doing.
“At the same time, we are very pleased that our long-standing relationships with clients are continuing. With all major clients agreeing to extend their contracts beyond the usual one year rollover, we believe they are showing strong support for our offering. It is also pleasing that total client numbers are growing.”
Mr Dunstan said that Rubik had made good progress on integrating its acquired businesses, COIN, its scaled advice offering Provisio, and the AMEE suite of commission products, which has been one of his main areas of focus since he became CEO.
“Rubik has acquired a number of strategically important software businesses in the past few years, and integration of these businesses continues apace. We expect to see the continued benefits of this integration, and our continuing growth, in the next financial year,” he said.
Rubik provides software for the Financial Services sector, including financial planning software, mortgage software, core banking systems and other banking systems. Rubik is ISO9001, ISO27001 and NoC02 certified.
For more information please contact:
Iain Dunstan – Phone: 02 8026 4144
2 July 2015