Edgewater Invests In Brilliance Financial Technology
Edgewater Growth Capital Partners III, L.P. (“Edgewater”) is pleased to announce its recent investment in Brilliance Financial Technology (“Brilliance” or the “Company”). Brilliance is a software business that provides Risk-based Pricing and Customer Profitability measurement solutions to the banking industry commercial loan portfolios. The Company’s clients include some of the world’s largest financial institutions as they manage their global loan processes in the face of increasing risk and regulations. Brilliance is headquartered in Sydney, Australia with additional offices in New York and San Francisco and serves clients in North America, Europe, Australia, and Africa.
Brilliance is the first investment under a newly formed holding company called Implement Holdings, LLC. Implement Holdings is pursuing acquisitions of financial technology companies which enable financial institutions to improve operations and profitability in the areas of risk management, pricing, compliance, decision support, portfolio rebalancing and many others. Replacing outdated legacy information systems is expected to be a major priority for banks as they seek to increase revenues, reduce costs and improve regulatory compliance.