Iress Signs Deal to Sell Superannuation Business; Shares Rise 4%

MT Newswires Live

2025/01/20

Iress (ASX:IRE) signed a deal to divest its Superannuation retirement fund software business to financial services provider Apex Group for AU$40 million in cash and up to AU$20 million in milestone payments for 12 months, according to a Monday filing with the Australian bourse.

The move was made following a strategic review which showed that while the financial technology firm can support Superannuation funds as part of its Wealth business, it does not own a regulated services provider for the said funds, the filing said.

The sale is slated for completion in the second quarter of the year subject to certain conditions including approval from the Foreign Investment Review Board, per the filing.

Iress' shares were up almost 4% in recent Monday trade.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2504188416"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2504188416\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2504188416?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-20 07:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2504188416","market":"hk","top_or_hot":-1,"title":"Iress Signs Deal to Sell Superannuation Business; Shares Rise 4%","media":"MT Newswires Live","content":"<html><body><p> Iress (ASX:IRE) signed a deal to divest its Superannuation retirement fund software business to financial services provider Apex Group for AU$40 million in cash and up to AU$20 million in milestone payments for 12 months, according to a Monday filing with the Australian bourse.</p><p>The move was made following a strategic review which showed that while the financial technology firm can support Superannuation funds as part of its Wealth business, it does not own a regulated services provider for the said funds, the filing said.</p><p>The sale is slated for completion in the second quarter of the year subject to certain conditions including approval from the Foreign Investment Review Board, per the filing.</p><p>Iress' shares were up almost 4% in recent Monday trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Iress Signs Deal to Sell Superannuation Business; Shares Rise 4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIress Signs Deal to Sell Superannuation Business; Shares Rise 4%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time smaller\">2025-01-20 07:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><body><p> Iress (ASX:IRE) signed a deal to divest its Superannuation retirement fund software business to financial services provider Apex Group for AU$40 million in cash and up to AU$20 million in milestone payments for 12 months, according to a Monday filing with the Australian bourse.</p><p>The move was made following a strategic review which showed that while the financial technology firm can support Superannuation funds as part of its Wealth business, it does not own a regulated services provider for the said funds, the filing said.</p><p>The sale is slated for completion in the second quarter of the year subject to certain conditions including approval from the Foreign Investment Review Board, per the filing.</p><p>Iress' shares were up almost 4% in recent Monday trade.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IRE.AU","symbol_name":"IRESS LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2504188416","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504188416","pubTimestamp":1737331069,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Iress  signed a deal to divest its Superannuation retirement fund software business to financial services provider Apex Group for AU$40 million in cash and up to AU$20 million in milestone payments for 12 months, according to a Monday filing with the Australian bourse.The move was made following a strategic review which showed that while the financial technology firm can support Superannuation funds as part of its Wealth business, it does not own a regulated services provider for the said funds, the filing said.The sale is slated for completion in the second quarter of the year subject to certain conditions including approval from the Foreign Investment Review Board, per the filing.Iress' shares were up almost 4% in recent Monday trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IRE.AU":"IRESS LTD","BK7016":"应用软件","BK7503":"科技股"},"translate_title":"Iress签署出售退休金业务的协议；股价上涨4%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IRE.AU":0.9},"content_text":"Iress (ASX:IRE) signed a deal to divest its Superannuation retirement fund software business to financial services provider Apex Group for AU$40 million in cash and up to AU$20 million in milestone payments for 12 months, according to a Monday filing with the Australian bourse.The move was made following a strategic review which showed that while the financial technology firm can support Superannuation funds as part of its Wealth business, it does not own a regulated services provider for the said funds, the filing said.The sale is slated for completion in the second quarter of the year subject to certain conditions including approval from the Foreign Investment Review Board, per the filing.Iress' shares were up almost 4% in recent Monday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}