UK-based data management company Independent Transition Management (ITM) has established an Australian business, already securing two large clients.
ITM provides data cleansing and analysis services to superannuation funds. Its UK clients include the ABP Pension Scheme.
"I realised there was a real and substantive demand for our services in Australia when I first visited and met with a number of organisations back in early 2007," ITM director Guy Ridley said.
The business will target superannuation funds, third-party administrators, software providers and insurers in Australia.
The Australian business includes seven staff led by managing director Steve Shoreson.
Shoreson was a director of Australian Superannuation Advisory Service (ASAS). ITM bought the company this year with the deal finalised in September.
"We anticipate substantial demand for our services and have an ambitious business plan for further expansion," Shoreson said.
Shoreson was unable to confirm the names of the clients due to confidentiality reasons.
However, he said the company had already met with more than 90 organisations and will be part of ITM's efforts to expand the business.
