Investment platform and fund services provider OneVue has announced it has increased total revenue by $7.3 million in FY2014 from three acquisitions.
OneVue today released its first annual report as a listed company, revealing prospectus forecasts were met and promises to grow organically and acquisitively were fulfilled.
OneVue chair Gail Pemberton said: “OneVue remains focussed on growth by pursuing opportunities with existing and new customers, as well as continually monitoring the market to identify strategic acquisitions.”
The initial public offer has provided OneVue with an increased profile and access to capital, with 40 million shares or $14 million subscribed.
Three acquisitions were made during the financial year including Computershare Fund Services in September 2013, MAP Funds Management Ltd in February 2014 and SMSF Managers in May 2014.
OneVue has continued to expand after FY2014, with the acquisition of Select Asset Management Limited and Select Investment Partners Limited.
“Select’s responsible entity (RE) services now forms part of a total outsourcing package which is unique in the market,” OneVue Group CEO Connie Mckeage said.
“The Select Investment Partners business delivers scale and a broader and deeper implemented portfolio capability, which positions us well for targeting successor fund transfers,” she added.
During the year the board was refreshed by adding skills appropriate to work with management to deliver the company’s growth objectives.
Three new board members were appointed including Karen Gibson, Greta Thomas and Garry Wayling.
“We look forward to working with all our stakeholders in this next phase of the company’s growth,” Pemberton concluded.
For further information, please contact:
OneVue media and communications manager
02 8022 7421
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