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Who are IRESS?

Before IRESS

As of November 2013, Avelo, the company behind market leading system Advisor Office, was no more.
Under the Avelo name – peculiarly meaning ‘hazelnut’ in Esperanto – it had provided small and medium-sized financial businesses with cutting edge solutions for two and a half years. Formerly known as The-1st Exchange, the market leader on these shores has undergone another name change, having been bought for big Australian bucks. But who are the new boys in town?

What does IRESS stand for?

There’s no clue as to what the acronym itself stands for, but IRESS are clear enough in their principles. The financial software corporation prides itself on combining change with innovation, providing its clients in the financial and wealth industries with the very latest solutions to meet their dynamic needs.

Who are IRESS?

Avelo were big players on the domestic scene, but IRESS has no borders. They marked their china anniversary with a statement of intent in acquiring their London-based counterparts, looking to achieve a similar level of success in the UK as in their native homeland. With further offices in Canada, New Zealand, South Africa, Hong Kong and Singapore, and over 1,300 knowledgeable employees distributed between them, IRESS are arguably one of the world’s leading financial services technology providers.

Who uses IRESS?

In the UK alone, IRESS have supplied 35,000 financial intermediaries with the tools they need to succeed. Four of Britain’s five major banks – HSBC, Barclays, RBS and Lloyds – continue to take advantage of their software solutions, as well as a host of other blue chip clients, not least Sesame Bankhall Group, Intrinsic, Tenet and Towry. Nationally, 96 of the top 100 financial advisers have benefited from products such as the aforementioned Advisor Office, as well as XPLAN, the rapidly emerging wealth management system.

Why use IRESS?

Big name corporations require systems that match their reputability and reliability. That’s why they come to IRESS. And, for those who are looking to get the most out of their software, Jacana’s bespoke training solutions can help maximise productivity and profit.

Those who were behind Avelo’s rise to prominence in software circles can now consider themselves part of an expanding global operation within the rapidly emerging IRESS brand.

In a nutshell, it can only be a good thing for existing and prospective users.