Specialist data and technology services provider Novigi has been appointed as the superannuation data and technology platform partner by Apex Group.
The appointment sees Novigi take on the data and administration technology function for Apex Group’s Australian Superannuation business (Apex Super). It builds on prior collaboration between Apex Group and Novigi and combines expertise and resources to deliver a scaled platform for current and future clients.
The Novigi and Apex Group shared history, marked by significant recent new client onboarding, has enabled continued collaboration and a natural build on prior success, strategically leveraging Novigi’s strong regional superannuation expertise with the global fund administration capabilities of Apex Group.
“As the Australian and New Zealand superannuation and wealth sectors continue to experience robust growth, there is an escalating demand for digitised and cost-effective fund administration services,” said Novigi Chief Executive Officer Ash Priest.
“This deal with Apex Group enables us to combine our complementary strengths to not only deliver for a significant portion of this high-growth sector, but also expand our market footprint as we continue a trajectory of scale.”
Earlier this year, Novigi announced the acquisition of QMV Solutions, which included market-leading data quality software, Investigate DQ, and marked a pivotal next phase of accelerated growth for the business.
“As we continue to pursue our growth targets, we are well-placed to scale alongside the industry, in particular by leveraging our robust data and technology platform managed services capabilities. This partnership aligns firmly with that objective,” Priest continued.
“With the unique advantage of being fully operational immediately, this collaboration further boosts our capacity for sustainable and organic growth as a trusted data and technology partner to the industry.
“We are delighted to welcome the Apex Super technology team to our operations,” Priest concluded.
Nick Happell (pictured), Regional Managing Director, Asia Pacific of Apex Group commented: “This agreement with Novigi is a great outcome for our Apex Super technology team as well as our clients. Apex Group and Novigi have proven success in collaboration, and we are delighted to extend our relationship as an opportunity to deliver meaningful value to market.”
“Importantly, this is further evidence of the position of our funds administration offering as a leading provider in the local Australian market. In particular, there is significant opportunity in the global pensions market to provide innovative, tech-enabled administration services. Establishing this model with Novigi is a powerful step in creating the capacity and capability to scale and service this growing need.”
