Broadridge Completes Acquisition of Itiviti, Extending Capital Markets Franchise

Rhea-AI Summary

Broadridge Financial Solutions (NYSE: BR) has successfully completed its acquisition of Itiviti Holding AB, a key player in trading and connectivity technology for capital markets. This acquisition strengthens Broadridge's Capital Markets franchise, enhancing its front-office capabilities and multi-asset class solutions. Itiviti, serving top global investment banks and brokers, offers scalable solutions that promote cost efficiency. The deal extends Broadridge's international reach, particularly in APAC and EMEA, positioning the company to better serve global financial institutions.

Positive

• Acquisition enhances Broadridge's Capital Markets franchise.
• Increased presence in APAC and EMEA markets.
• Itiviti's technology offers cost savings and scalability.

Negative

• None.

NEW YORK, May 12, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has completed its previously announced acquisition of Itiviti Holding AB ("Itiviti"), a leading provider of trading and connectivity technology to the capital markets industry. The acquisition enhances Broadridge's position as a global Fintech leader and significantly strengthens Broadridge's Capital Markets franchise. It extends Broadridge's market leading back office capabilities into the front office and deepens its multi-asset class solutions, better enabling the company to help financial institutions adapt to a rapidly evolving marketplace. The addition of Itiviti's footprint in APAC and EMEA also increases Broadridge's scale outside of North America to better serve global clients.

Itiviti is a leading global capital markets technology service provider offering highly scalable solutions that financial institutions use to consolidate their trading infrastructure, driving significant cost savings. With offices in 16 countries, Itiviti serves 24 of the top 25 global investment banks and over 2,000 leading brokers, trading firms and asset managers across 50 countries. Itiviti's solutions and services provide financial institutions with comprehensive tools for connectivity and flexible, cross-asset trading solutions that cover the full trade lifecycle. 

Itiviti will become part of Broadridge's Global Technology and Operations segment and its senior management team, led by CEO Rob Mackay, will remain with the company to drive future growth.

About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $4.5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions to banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. In addition, Broadridge's technology and operations platforms underpin the daily trading of on average more than U.S. $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is a part of the S&P 500® Index, employing over 12,000 associates in 17 countries. For more information about us and what we can do for you, please visit broadridge.com.

Broadridge Investors:
W. Edings Thibault
Investor Relations
(516) 472-5129

Media:
Tina Wadhwa
Corporate Communications
Tina.Wadhwa@Broadridge.com
(212) 973-6164

 

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SOURCE Broadridge Financial Solutions, Inc.

FAQ

What was the purpose of Broadridge's acquisition of Itiviti?

The acquisition aimed to strengthen Broadridge's Capital Markets franchise and enhance its trading and connectivity technology capabilities.

What impact does the acquisition of Itiviti have on Broadridge's market presence?

The acquisition extends Broadridge's market presence into APAC and EMEA regions, allowing the company to serve global clients more effectively.

How does Itiviti contribute to Broadridge's offerings?

Itiviti provides scalable solutions for trading infrastructures, increasing Broadridge's multi-asset class solutions and operational efficiency.

When was the acquisition of Itiviti by Broadridge completed?

The acquisition was completed on May 12, 2021.

What is Broadridge's revenue scale following the acquisition?

Broadridge reported revenues exceeding $4.5 billion, bolstered by the acquisition of Itiviti.