Bravura Solutions will be able to take its wealth management platform, Sonata, to China, Korea and Taiwan following an Asia Pacific agreement signed with IBM.

Iain Dunstan, Bravura chief executive officer, said the agreement with IBM, which also has an alliance with SyncSoft for the running of its CAPITAL on IBM databases, was an equal partnership. “It all depends at what level you engage. There are tiers of partners. Not many have joint testing facilities in China,” he said. A joint testing facility in Dalian will test Sonata and will be used as a training centre in the application of Sonata for IBM business consultants. Sonata, which was launched in March, incorporated Bravura’s existing unit registry, life insurance, portfolio management and corporate superannuation systems. The relationship with IBM will allow Bravura, which listed in June on the ASX, to continue to focus on its UK expansion. “We’re not at the highest tier yet but we will be in the next couple of months,” Dunstan said of the partnership. There were no contractional dollar terms in the agreement between the parties which was more ‘milestone driven’. “We have to certify our applications on all the IBM platforms by a certain date,” Dunstan said.

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