Novigi inks support deal with Apex

Financial services IT provider Novigi has inked a support services contract with Apex Superannuation (Australia) the company which provides administration to  Future Super.

The two companies announced that Novigi would be the superannuation data and technology platform partner to Apex taking on the data and administration technology function for Apex Super.

It said the arrangement builds on prior collaboration between Apex Group and Novigi.

The arrangement will see 15 Apex employees moving across to Novigi, giving the Wollongong provider a larger presence in Queensland.

The deal follows on from Novigi last year securing a long-term support services contract with Mercer’s Wollongong-based superannuation administration business.

Novigi’s agreement with Mercer includes technology and infrastructure support services and a similar suite of services is expected to be delivered to Apex in servicing Future Super.

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,” Novigi chief executive, Ash Priest said.

​“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, 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.”