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August 5, 2009

Bravura, Sybase Join Forces

To offer hosted wealth management platform in the UK

By CBR Staff Writer

Bravura Solutions (Bravura), a global supplier of wealth management applications and professional services, and Sybase, a provider of enterprise and mobile software, have joined forces to allow Bravura to offer its wealth management platform, Talisman, on a hosted basis for the first time in the UK.

Bravura’s Talisman solution is an enterprise-wide wealth management platform for the administration of a range of tax structures and products, including retirement savings, investment, portfolio administration and life insurance.

Bravura had earlier entered into a master partner agreement with Sybase in 2005, to deliver its Sonata Suite of financial services solutions, including the Talisman application, on the Sybase Adaptive Server Enterprise (ASE) database platform.

Bravura has said that it is now able to provide secure hosted applications to support clients’ wrap propositions from its UK data centre. Customers are expected to benefit from IT operational advantages including smart partitioning, significant performance improvements brought about by patented query processing, and on disk encryption.

Nick Parsons, global CTO at Bravura, said: Through our global partnership agreement with Sybase, our wrap platform is being used in the UK market on a hosted basis for the first time. Hosting Talisman reduces time to market for our customers which is critical in current market conditions. Sybase gives us a tremendously resilient platform to underpin our hosted offering.

Gary West, country manager at Sybase (UK), commented: Our high performance, mission-critical database management systems make it possible for organisations to extend the reach of business-critical information to the frontline of business while reducing operational costs and risk. Together with Bravura, we help enterprises lay the long-term foundation for strategic agility and continuing innovation in mission-critical environments.

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