A Ruthless Strategy to Transform Global Software Company Iress
Iress, a software company, is undergoing a major strategic shift. The new strategy focuses on its core Australian wealth, trading and markets data, and superannuation businesses. Everything else will be divested or run for cash.
This decision comes after years of Iress prioritizing offshore growth that underperformed. The new strategy is designed to increase shareholder returns and make Iress more competitive with ASX-listed SaaS companies like Xero and Netwealth.
This article dives deeper into the reasoning behind the strategic shift, the specific businesses being targeted, and the potential outcomes. Download the PDF to get the full story!