Peresys Joins IRESS Group

19 January 2011

We are delighted to be able to announce that Peresys will be joining the IRESS Group as a 100% held subsidiary with effect from Friday this week.

IRESS Market Technologies is an Australian based company listed on the ASX since 2000 with a market capitalization in excess of AUD1 billion, and has 550 staff spanning Australia, New Zealand, Canada, Hong Kong, Singapore and South Africa.

In Australia, IRESS has 90% market share of brokers and buy sides, with a footprint that includes over 10,000 windows based desktop users and more than 5000 high end Java based retail users via white label arrangements with brokers.

In South Africa, IRESS is currently represented by its 100% subsidiary, Spotlight, focused on personal wealth management with a 70 strong staff complement. It has 15,000 financial adviser end users and major clients including Liberty, Old Mutual and Sanlam.

In addition to the existing Peresys product suite across trading, securities lending, portfolio management and FIX services, Peresys customers will now be able to leverage access to what the broader IRESS Group can offer. This was a key catalyst for the transaction, and we look forward to engaging with our clients in the coming weeks and months to discuss this in more detail.

On behalf of all at Peresys, I would like to take this opportunity to thank you for your support over the past fourteen years. We will continue to work hard to retain that support into the future.

Best regards
Ashley Mendelowitz
CEO, Peresys