Information on contracts is very hard to come by given contracts are typically quite long term and RFP processes for new vendor selections can take years. The one to watch is where GROW, which recently won HESTA can entice more funds away with their contemporary technology offering. IRESS are in arguably a stronger position but have been slammed recently, which highlights how difficult it is the make money in this space.
Bravura's other challenge was a large portion of their revenue from major customers was in professional services (implementing/consulting) rather than SaaS from products. They may continue to struggle to flip this as new client contracts will be hard to come by when the business appears unstable. To compound this, competition in all the businesses in which they operate is incredibly fierce.
Thanks for your context. I was aware of their concentration in clientele, particularly in funds management. For the sake of saving myself from compiling this info, are you aware of which ones are up for renewal soon.
Yes I agree that these would be significantly competitive businesses, I myself am aware of many alternatives in their local business offerings and also at the UK.
To support the long thesis, should shorter term cost rationalising work out as intended, I think the price more than justifies the possibility of losing a contract, and Shezad himself has the role of also supporting the commercialisation of the group, in part the ability of the group to gain and retain contracts.
Information on contracts is very hard to come by given contracts are typically quite long term and RFP processes for new vendor selections can take years. The one to watch is where GROW, which recently won HESTA can entice more funds away with their contemporary technology offering. IRESS are in arguably a stronger position but have been slammed recently, which highlights how difficult it is the make money in this space.
Bravura's other challenge was a large portion of their revenue from major customers was in professional services (implementing/consulting) rather than SaaS from products. They may continue to struggle to flip this as new client contracts will be hard to come by when the business appears unstable. To compound this, competition in all the businesses in which they operate is incredibly fierce.
Thanks for your context. I was aware of their concentration in clientele, particularly in funds management. For the sake of saving myself from compiling this info, are you aware of which ones are up for renewal soon.
Yes I agree that these would be significantly competitive businesses, I myself am aware of many alternatives in their local business offerings and also at the UK.
To support the long thesis, should shorter term cost rationalising work out as intended, I think the price more than justifies the possibility of losing a contract, and Shezad himself has the role of also supporting the commercialisation of the group, in part the ability of the group to gain and retain contracts.