Iress Overview

  • Year Founded
  • 1993

Year Founded

  • Status
  • Public

  • Employees
  • 1,886

Employees

  • Stock Symbol
  • IRE

Stock Symbol

  • Investments
  • 15

  • Share Price
  • $5.05
  • (As of Wednesday Closing)

Iress General Information

Description

Iress develops software for the financial-services industry, operating in multiple regions and servicing clients ranging from small retail to large institutional businesses. Its core business unit, mainly in Australia, generates most of the company's earnings and free cash flows. Iress expanded into noncore markets through acquisitions, ultimately eroding returns and margins, with free cash flows from the core business invested in the noncore businesses. Its recent strategy includes reprioritizing growth in the core APAC business and divesting/monetizing noncore businesses. We view this renewed focus on its core business as a positive, as it will help maintain Iress' economic moat.

Contact Information

Website
www.iress.com
Ownership Status
Publicly Held
Financing Status
Corporation
Primary Industry
Business/Productivity Software
Other Industries
Financial Software
Stock Exchange
ASX
Corporate Office
  • Level 5, 121 King William Street
  • Suite 6
  • Adelaide, South Australia 5000
  • Australia

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Iress Stock Performance

(As of Wednesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$5.05 $5.07 $3.12 - $7.56 $944M 187M 776K -$0.51

Iress Financials Summary

In Thousands,
USD
TTM 31-Dec-2023 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 1,332,784 1,332,784 1,450,270 1,931,709
Revenue 415,301 415,301 427,978 447,044
EBITDA (36,025) (36,025) 83,989 111,686
Net Income (91,247) (91,247) 36,481 55,359
Total Assets 539,738 539,738 680,341 748,561
Total Debt 288,162 288,162 314,809 282,269
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Iress Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Iress Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Iress develops software for the financial-services industry, operating in multiple regions and servicing clients ranging
Business/Productivity Software
Adelaide, Australia
1,886 As of 2021
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Alphen aan den Rijn, Netherlands
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Walldorf, Germany
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Iress Competitors (10)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Wolters Kluwer Corporation Alphen aan den Rijn, Netherlands 00000 000000000000
SAP Corporation Walldorf, Germany 000000 00000 000000 - 000 00000
Sage Group Formerly VC-backed Newcastle Upon Tyne, United Kingdom 00000 00000000000
Internet Pipeline Formerly PE-Backed Exton, PA 000 000.00 000000&0 000.00
SS&C Technologies Formerly PE-Backed Windsor, CT 00000 000.00 000000000 000.00
You’re viewing 5 of 10 competitors. Get the full list »

Iress Executive Team (19)

Name Title Board Seat Contact Info
Marcus Price Chief Executive Officer & Board Member
Amara Haqqani Acting Chief Executive Officer
Anita Chow Interim Chief Financial Officer
Justin Schmitt Chief Operating Officer
Andrew Todd Chief Technology Officer
You’re viewing 5 of 19 executive team members. Get the full list »

Iress Board Members (8)

Name Representing Role Since
00000 00000 Self Board Member 000 0000
000000 00000 Iress Chief Executive Officer & Board Member 000 0000
0000000 00000 Iress Board Member 000 0000
0000 0000000 Iress Board Member 000 0000
00000 00000 Self Chairman & Board Member 000 0000
You’re viewing 5 of 8 board members. Get the full list »

Iress Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Iress Investments & Acquisitions (15)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
OneVue Holdings 06-Nov-2020 0000000000 0000 Financial Software
O&M Systems 17-Mar-2020 0000000000 00.000 Financial Software 0000 0000
BC Gateways 07-Jan-2020 0000000000 Database Software 000000 00
QuantHouse 31-May-2019 0000000000 000.00 Financial Software 000000 00
Lucsan Capital 18-Apr-2018 Merger/Acquisition Systems and Information Management 000000 00
You’re viewing 5 of 15 investments and acquisitions. Get the full list »

Iress Subsidiaries (3)

Company Name Industry Location Founded
BC Gateways Database Software Sydney, Australia 2017
Financial Synergy Financial Software Melbourne, Australia 0000
Iress (Non-Core Multi-Factor Authentication Platform Business) Systems and Information Management Adelaide, Australia
To view Iress’s complete subsidiaries history, request access »

Iress ESG

Risk Overview

Risk Rating

Updated June, 22, 2023

14.22 | Low Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.00

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 15,605

Rank

0.00

Percentile

Software & Services

Industry

00 of 1,075

Rank

0.00

Percentile

Data Processing

Subindustry

0. of 96

Rank

0.00

Percentile

To view Iress’s complete esg history, request access »

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