Australia-based Computershare is to break up its private client network and shift its business to Radianz, the financial extranet developed by Reuters and Equant.
Computershare says the move to replace its current private client network with links to the Radianz network will enable the consolidation of its connections to banks, brokers, stock exchanges, and other financial institutions and put the company on the radar screens of a larger base of end-users worldwide. As a result, the company expects to be able to expand its stock registration services to a wider community of financial professionals.
Penny Macalgan, director of Computershare technology services, says: "Working with Radianz means we can concentrate on our core business of selling financial services instead of infrastructure issues."
News of the Computershare deal coincided with the opening of Radianz's new Asia Pacific headquarters in Sydney.
Chris Church, executive vice president of global sales for Radianz, comments: "The Radianz e-finance community is attractive to the financial industry in Australia because it brings together the critical mass of end-users needed for secure communications with financial companies in other parts of the world."