The acquisition of Provisio, which is a market leader in the provision of scaled and online wealth advice software in the superannuation fund market, marks another important milestone in Rubik’s evolution.

Provisio has an established client base of large industry superannuation funds such as AustralianSuper, HESTA and LUCRF Super, as well as independent financial advisers.

The acquisition of Provisio expands on Rubik’s current advice offerings, COIN and Visor Desktop financial planning software, and reinforces its important role in the growing wealth market. COIN is an industry leader in financial planning software for the financial institution and the independent financial adviser markets in Australia due to its client base, breadth of product, dedication to support and innovation. With the acquisition of Provisio, Rubik will now hold a market leadership position within the institutional and superannuation fund market for scaled wealth advice software.

Mr Wayne Wilson, Managing Director of Rubik Wealth, said, “Provisio is a high-performing company with an outstanding product that addresses a different wealth advice segment to Rubik’s COIN software. This is a strategic and financially sound acquisition.

“Components in Provisio’s scaled advice software and the COIN software platform complement each other, which can be leveraged by Rubik to enhance the solutions currently available to our customers.”

All Provisio employees have been offered employment contracts going forward.

Mr. Cameron O’Sullivan, current CEO of Provisio Technologies and Mr Jye Tucker, current CTO of Provisio, will join the Rubik Wealth management team and continue to support the customer base with new release delivery.

“The Provisio team is excited about the changes taking place. We are looking forward to working with Rubik to provide an even more comprehensive product to our clients.” Mr O’Sullivan said.

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