IRESS (UK)

The story begins not in the UK, but in Australia in 1993. Peter Dunai and Neil Detering founded the company, then known as Dunai, Detering & Associates. Their initial focus was on creating a better data and trading software solution for the financial markets, a niche they understood well. The company’s early success was built on providing reliable and fast market data systems. A pivotal moment arrived in 2000 when the company listed on the Australian Securities Exchange (ASX), marking a significant step from a private partnership to a publicly traded entity. This Initial Public Offering provided the capital needed for a new chapter of growth and expansion. Following the IPO, the company rebranded to IRESS in 2002. The move into the United Kingdom was a strategic play to enter one of the world's major financial hubs. IRESS established its UK presence by acquiring local companies, integrating their technology and client base. A key acquisition was the UK-based financial software provider Avelo in 2013. This purchase significantly expanded IRESS's footprint in the UK wealth management and mortgage software sectors. IRESS (UK) now operates as a key part of the global IRESS group, providing software for financial advice, trading, and mortgages. Its journey from a small Australian startup to a public company with a significant UK operation shows a path of focused growth, strategic acquisitions, and a deep understanding of the financial technology landscape.