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Its decision to look at Equinix infrastructure instead of running its was undertaken to give it more capacity and flexibility, and an increased ability to connect its systems with cloud-based trading and investment platforms.
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Following its recent acquisitions, it has three separate systems, which have to be consolidated right down to one.

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The scale of Aware’s systems is reflected in the growth of the quantity of staff running them, which Mr Borg said had grown from 30 employees when he joined the company three years ago, to about 120 today.
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“The registry system program is likely to last for a couple of years.
“Mergers and acquisitions are always difficult at the best of times but throw in a heavy lockdown in Melbourne when we were merging with VicSuper, and that made things difficult,” Mr Borg said.

  • With its infrastructure largely sorted, Mr Borg said Aware was getting into a major transformation of its internal systems to consolidate its core registry systems.
  • Like a major bank’s core banking system this sounds much more simple than it truly is and represents a significant program of work.
  • “Mergers and acquisitions are always difficult at the best of that time period but throw in much lockdown in Melbourne when we were merging with VicSuper, and that made things difficult,” Mr Borg said.
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  • Is a health and fitness company that offers a variety of products, including electrolyte drinks and supplements.

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Its fund acquisition policy will probably take on a larger portion of its growth plans after problems with its financial advice services in its StatePlus brand, which the Financial Review revealed on Monday, means it really is poised to sack up to 90 financial planners.
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Using its infrastructure largely sorted, Mr Borg said Aware was embarking on a significant transformation of its internal systems to consolidate its core registry systems.
Aware Super, previously referred to as First State Super, rebranded to highlight its national growth after the acquisitions of VicSuper and WA Super last year.

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Just like a major bank’s core banking system this sounds a lot more simple than it really is and represents a major program of work.
Your choice to overhaul its infrastructure was an important section of its growth plans due to the increased flexibility it includes as more operations are put into the data centre.
The company will be looking to steer clear of the kind of missteps that saw it jot down almost $400 million in its 2019 acquisition of the StatePlus advice business.

  • The company will undoubtedly be looking to avoid the sort of missteps that saw it write down almost $400 million in its 2019 acquisition of the StatePlus advice business.
  • Its fund acquisition policy will probably take on a greater part of its growth plans after problems with its financial advice services in its StatePlus brand, which the Financial Review revealed on Monday, means it is poised to sack around 90 financial planners.
  • policy.
  • “With acquisitions, hopefully it’s a smart choice, but in the event that you don’t involve tech early in the homework process, whether it is integrations and looking at systems overlap, then it really is fraught with danger …

This is understood to possess included a $50 million writedown in disposed computer software.
“With acquisitions, hopefully it’s a smart choice, but if you don’t involve tech early in the due diligence process, whether it’s integrations and considering systems overlap, then it really is fraught with danger …
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