Monday, 17 November 2008 05:02

DST International parent company, DST Systems, Inc., acquires Bluedoor Technologies Pty Ltd

DST International (DSTi) announced today that its parent company, DST Systems, Inc., has acquired 100% of the stock of Bluedoor Technologies Pty Ltd (“Bluedoor”), a private company based in Melbourne, Australia.

Bluedoor is a leading software developer specialising in wealth management solutions and application tools designed to streamline administration processes for businesses offering products to the funds management and retirement savings markets.

Bluedoor has approximately 35 employees and reported revenues of approximately $7.0 million (AUD) for the fiscal year ended 30 June, 2008. Post acquisition the business will report directly to DSTi’s Chief Executive Officer for Australasia, Ian Mathieson.

Following its extensive success in the Australian funds management manufacturing space, DSTi will now embark upon its strategy to also become a significant participant in the funds management distribution and platform arena. The acquisition of Bluedoor provides DSTi with innovative technology and a team of experienced industry practitioners and top tier superannuation functionality in the Bluedoor solution.

“The majority of funds flows in Australia originate from the superannuation sector and it is therefore imperative that full superannuation capability exists within distribution platforms,” stated Mathieson

He continued, “The browser-based solution from Bluedoor manages a comprehensive suite of investment and retirement products and is an extremely cost-effective option capable of replacing multiple legacy systems with one integrated solution. Of crucial importance to both product providers and product distributors is the capability for the rapid rollout of new products.

DSTi has identified a range of opportunities for the Bluedoor solution within the superannuation-led distribution space in Australia and also believes there is a rapidly growing need in other parts of the world for the solution. The solution is available immediately for existing and new clients

Mathieson concluded, “The acquisition was based on a combination of Bluedoor’s quality solutions, early market success and exceptional team. Bluedoor has an already proven capability in the Australian marketplace with its new technology rollout and successful customer implementations. The quality of its staff is exceptional and this was a major attraction when assessing its strategic fit within the DSTi offering.”

For Bluedoor’s Executive Director, Martin Spedding, the acquisition introduces a market-changing opportunity for financial services organisations. “Investment organisations continue to select the Bluedoor system as they move away from legacy solutions, and we believe that our incorporation into the DST International offering will assist with the further successful penetration of the solution in the Australian financial services sector and beyond.”

Bluedoor’s financial results after November 14, 2008 will be consolidated with those of DST Systems.  On a pro-forma basis, the transaction is not expected to have a material impact on DST Systems’ net income or earnings per share for 2008. 

Read 4253 times

Subscribe to ITWIRE UPDATE Newsletter here


The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.



iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.



Related items

Share News tips for the iTWire Journalists? Your tip will be anonymous




Guest Opinion

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News