Star Striker Limited is pleased to announce it has recently entered into a conditional binding terms sheet (Agreement) to acquire 100% of the issued capital of Australian based Intiger Asset Management Pty Ltd and associated entities (Intiger Group).
Intiger is the first combined Software Development House and Offshore Processing Platform dedicated to the $182bn Australian Financial Services industry. Intiger’s initial focus has been within the Financial Planning sector, which consists of approximately 18,000 Financial Planning Practices in Australia and has experienced an annualised growth rate of 2.5% over the last 5 years. Intiger has successfully created the first software to digitise & automate core components of the Financial Planning process including the production of automated Statements of Advice. The production of a Statement of Advice by conventional industry methodologies is costly, time consuming & has a high risk of human processing error. The financial benefits of the proprietary Intiger software are described in detail later in this release under the title Key Data Points of the Intiger Product Offering.
In addition, Intiger has secured first mover advantage providing Offshore Processing Solutions exclusively to the Financial Planning sector. Intiger operates two secure outsourcing facilities in India and the Philippines employing over 53 Australian trained staff. Both operations are overseen and managed by RG146 Certified Paraplanners and experienced Australian Financial Planning professionals. When fully implemented, Intiger is expected to contractually guarantee to cut the operating costs of Australian Financial Planning Practices by 40%.