Banking and wealth management software supplier Rubik Financial has completed a A$25 million share placement, putting it "in a strong cash position for proposed acquisition opportunities."Rubik announced earlier this month that it had signed term sheets and was conducting due diligence on two acquisitions in the "mortgage platform" market. In an investor presentation it said mortgages would be a new business division, alongside wealth and banking. The company declined to provide detail on what it meant by a mortgage platform. The company said the shares were taken up by sophisticated and professional investors, including current and new shareholders. In addition to the placement it hopes to raise $3 million through a share purchase plan.Rubik made a net profit of $1.3 million for the six months to December, compared with a loss of $128,000 in the previous corresponding period.The company has a new chief executive, Niek Hoogenhout, who was most recently the managing director of Australian and New Zealand operations for Boston Consulting Group.