QMV is now part of Novigi

Combining strengths in superannuation, wealth management, and technology

Media Release

Novigi completes purchase of QMV Solutions, fueling the combined company’s strong growth trajectory

Alignment of complementary businesses brings scale to meet the data and technology demands of Australia’s growing superannuation and wealth segment  

Sydney, Australia, 7 February 2024 Novigi today announced the formal completion of its acquisition of 100% of QMV Solutions (QMV), a leading advisory, data and technology business. The acquisition includes Investigate DQ, QMV’s market-leading data quality software. 

The transaction completes the amalgamation of two closely aligned businesses with complementary strengths and deep experience in the superannuation, wealth management, and related technology segments in Australia.  

It also signals an opportunity to drive broad sector advancement amidst a period of heightened growth within Australia’s $3.5 trillion superannuation marketplace 

Novigi’s Chief Executive Officer Ash Priest emphasised the transaction as indication of the company’s growth trajectory: “In the past few years, Novigi has seen robust growth, earning recognition as an AFR FAST 100 company in the past two consecutive years. The integration of QMV makes sense for Novigi and QMV, as part of our combined next phase of business maturity. The deal ticked many boxes for our people, our clients and business partners to create a more stable and sustainable operational model.” 

QMV Executive Director Michael Quinn said: “QMV shares the view that both firms together will deliver a compelling offer in our core segments. Put simply, QMV is buying in, not selling out,” he said. 

“The transaction creates a welcome opportunity to genuinely expand our depth, enhance client offerings with a combined and aligned Novigi that further benefits our people and business partners.” 

“A stable and reinvigorated QMV, operating under the Novigi brand, delivers the right platform and service lines at the right time in the superannuation and wealth management sector.”  

QMV Executive Director Mark Vaughan said the Investigate DQ platform is a leading example where the combined group can deliver measurable future benefits for market participants.  

Mr Priest concluded: “As a combined entity, we have the unique opportunity to expand offerings and scale into key areas such as Technical Support Services, further cementing our position as the data and technology partner to the financial services industry.” 

The Novigi brand will become the primary operational brand for the combined business. The acquisition terms are not for public disclosure. 

Media Contacts

Novigi media contact 

Sarah Lagana (Madden & Assoc.) 
sarah@madden.com.au  
+61 481 191 055

QMV media contact 

Mark Vaughan
mvaughan@qmvsolutions.com
+61 413 082 011

About Novigi

Australian data and technology services firm Novigi provides innovative and tailored advisory and technical services across the full data and technology life cycle for Australian financial services organisations. Since Novigi was founded in 2016, the company has partnered with over 45 clients in the wealth management sector and has grown to employ over 170 staff. Novigi works with organisations including Grow Inc., Mercer, Link, Rest, HESTA, CSC & Vanguard Super. Novigi is certified as a Great Place to Work® for 2023/24. 

About QMV

QMV was founded in 2008 and provides trusted and independent consulting services and technology solutions to superannuation funds, trustees, administrators, and wealth management organisations. Its services focus on successfully managing change across technology, regulatory change, data quality, data remediation, migrations, and mergers. 

Its products include InvestigateDQ; an automated data quality management solution used to validate data for millions of accounts. The technology manages data for over 10% (and growing) of Australia’s total superannuation balances. 

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