Hub24 completes Agility acquisition

Publicly-listed platform business HUB24 has completed its acquisition of Agility Applications Pty Ltd, completing a transaction announced to the market in late November, last year.

The company announced to the Australian Securities Exchange (ASX) today that the acquisition was consistent with HUB24's strategy to pursue significant growth by partnering with like-minded technology providers to develop and offer an end-to-end suite of solutions across a broader set of wealth management business models.

Agility was founded in 2007 by Craig Apps and Paul Biggs and is a specialist provider of application, data exchange, and technology products and services to the financial services industry.

HUB24 has developed a non-custody reporting solution that is fully integrated with its investment and superannuation platform. It said Agility's services would complement HUB24's solution and accelerate enhancements to support stockbrokers, as they increasingly transition into wealth managers.

It said that, additionally, financial advisers using HUB24's investment and superannuation platform would also benefit from the integration of Agility services which will include additional client management and reporting functionality.