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Dublin-based insolvency and debt-recovery software group Aryza is expanding its Australian operations through the acquisition of Sydney-based collections technology provider Bravure Group.
The deal comes a year after Aryza snapped up Geelong-founded Axcess Consulting, a provider of loan management software to blue-chip financial services companies, in its first move into the Australian market at the time.
The acquisition of Bravure Group, which has a team of about 40 staff, is aimed at enhancing Aryza’s capabilities in the complex post-arrears environment.
Bravure’s Bridge software helps creditors optimise recovery by analysing debt books, automating decisions on collection strategies, maximising the pricing of debt books, and enabling data exchanges with third parties such as debt collection agencies and the government.
Aryza is a global provider of credit and debt lifecycle SaaS (software as a service) solutions specialising in tools that streamline complex processes for the financial services sector.
“Bravure is a natural fit for Aryza,” says Colin Brown, the CEO of Aryza.
“Their expertise in using data and technology to improve both collections and debt sale aligns perfectly with our focus on end-to-end lifecycle management.
“Together, we’re positioned to deliver powerful solutions to our clients, while expanding Aryza’s capability in one of the most complex and regulated parts of the customer journey.”
Bravure Group was founded in 1998 as Kessler Financial Services and at the time had a relationship with American Express to develop the affinity credit card market in Australia.
The company later provided home loans in partnership with AMP and life insurance in partnership with ING Australia to members of professional associations.
Bravure launched its debt recovery advisory in 2010, expanding its operations into outsourced collections management and insolvency servicing, ahead of a management buyout in 2019.
The Bridge software was introduced in 2021 to enable creditors and debt buyers to improve compliance, oversight and post-sale support for consumers.
"We’re proud to become part of a global organisation that shares our commitment to innovation and responsible customer engagement, bringing new value to our clients through Aryza’s complementary technology and vision,” says Alex Vale, the Bravure CEO.
“With Aryza’s support, we’re well-positioned to expand our presence in a highly specialised segment of the Australian market, offering much-needed solutions as demand increases and market conditions evolve.”
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