Bravura Solutions has secured a deal to support global fund administrator Northern Trust's entrance into the Australian superannuation industry.
As part of the collaboration, Northern Trust will use Bravura's Garradin software to expand its service offering to the superannuation investment accounting market.
"We are pleased to announce our venture with Bravura which will support our move into super investment accounting," Northern Trust Australia's managing director Paul Cutts said.
"After an extensive review of IT providers, Bravura and its Garradin software offered a proven solution, the best fit for our requirements and an impressive level of expertise in the Australian financial services sector."
Bravura was looking forward to a long-term relationship helping Northern Trust succeed in the Australian market, Bravura's chief executive Iain Dunstan said.
"We are delighted to have been chosen by an organisation as prestigious and respected as Northern Trust," he said.
The deal follows Bravura's recent $21 million acquisition of Citi's Warsaw-based transfer agency platform last month.
The firm is also expecting to boost its existing business with up to three new clients, as a result of upgrades it made to the sonata software developed for industry superannuation fund Statewide.
Northern Trust is the custodian for the Future Fund.
