Registry Direct, a share and unit registry software and services provider for companies, fund managers, and their advisors, was integrated into Complii in 2022. The business unit will be acquired by Steuart Roe, the Founder and CEO of Registry Direct, through a Management Buy-Out.

As part of the agreement, Complii will divest all of Registry Direct’s assets, including the brand, intellectual property, software platform, key personnel, and client list. The transaction proceeds will be used by Complii for working capital purposes.

Craig Mason, Executive Chairman of Complii FinTech Solutions, commented “This divestment will allow Complii to focus on its core market and services, with a limited impact on our revenue, profit, and cross-selling opportunities.”

Despite the divestment, Complii and Registry Direct will maintain a long-term relationship. Registry Direct will continue to have access to the Complii platform, including the Adviser Bid/Corporate Highway product, enabling their clients to place capital raising offers. Additionally, Registry Direct will have access to the PrimaryMarkets Platform.

Mr. Mason added “This transaction will enable Complii to reshape its unique suite of solutions and refocus on our core customer offering through reinvestment in products, customer acquisition, and cross-selling to our core base.

“This is a positive step for Complii, allowing us to be more focused and effective. It will help reshape our ecosystem, further consolidating our position as the ‘backbone’ of Australian equity capital markets.”

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