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Iress

Financial services software for performance

Overview

Iress builds software for the financial services industry. Its suite supports core operations such as trading, risk, wealth management and client advice through a centralized platform used by banks, insurers, investment managers, brokers and advisory firms. Its broad, global footprint serves large iconic brands and smaller firms across multiple regions, aiming to unify financial workflows on a single system. The goal is to help the financial services industry perform at its best by making operations smoother, faster and more efficient for firms and their clients.

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About Iress

Simplify's Rating
Why Iress is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareFintechFinancial Services

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

$3.9M

Headquarters

Melbourne VIC, Australia

Founded

1993

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Simplify's take

What believers are saying

  • 1H26 cash EBITDA rose 47.1% to $62.5 million, lifting margins to 24.5%.
  • The efficiency program delivered $31.5 million annualized savings, with $6-9 million more expected.
  • Iress launched ISLA on The Exchange in April 2026, sharpening protection workflows for advisers.

What critics are saying

  • FY26 revenue growth fell to 1-2% after UK non-recurring revenue collapsed in 1H26.
  • Large client project completions and longer sales cycles expose the UK franchise to further misses.
  • If Xplan modernization stalls, advisers can switch to cheaper bundled platforms from competitors like SS&C.

What makes Iress unique

  • Iress generates 95% of continuing revenue from recurring contracts as of 1H26.
  • Xplan plus trading data tools embed AI workflows through Thoughtworks in 2026.
  • The Exchange distribution network deepens protection advice with Iress-enabled underwriting tools.

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Funding

Total Funding

$3.9M

Above

Industry Average

Funded Over

0 Rounds

Benefits

  • Health Insurance
  • Unlimited Paid Time Off
  • Parental Leave
  • Hybrid Work Options
  • Training Programs
  • Gym Membership

Company News

Yahoo Finance
Aug 17th, 2026
IRESS lifts cash EBITDA 47% to $62.5M as recurring revenue hits 95% of total

IRESS Ltd reported strong recurring revenue growth of 3.4% on a constant currency basis in the first half of 2026, now representing 95% of continuing business revenue. The financial technology firm's cash EBITDA surged 47.1% to $62.5 million, with margins expanding more than 740 basis points to 24.5%. The company's business efficiency programme delivered $31.5 million in annualised efficiencies, exceeding targets, with a further $6 million to $9 million expected in the second half. IRESS declared an interim dividend of $0.14 per share, up 27% from the previous period. However, the company lowered its FY26 revenue growth guidance to 1-2% from the previous 3-5% range, primarily due to declining non-recurring revenue in the UK. Leverage improved to 0.5 times as of 30 June. The firm expects FY26 constant currency revenue of $509 million to $515 million and cash EBITDA of $121 million to $126 million.

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