Broadridge Completes Acquisition of Kyndryl SIS

Rhea-AI Summary

Broadridge Financial Solutions (NYSE:BR) has completed its acquisition of Kyndryl's Securities Industry Services (SIS) platform, a provider of wealth management and capital markets software solutions for Canadian financial services firms. The strategic acquisition strengthens Broadridge's position in the Canadian financial services market, aiming to accelerate innovation and product investments in the Canadian wealth sector while enabling simplification for clients.

Positive

• Strategic expansion in Canadian financial services market
• Addition of wealth management and capital markets software solutions to portfolio
• Enhanced capability to deliver innovation in Canadian wealth market

Negative

• None.

NEW YORK and TORONTO, Nov. 1, 2024 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) has completed its previously announced acquisition of Kyndryl's Securities Industry Services (SIS) platform, which provides wealth management and capital markets software solutions to Canadian financial services firms. 

The acquisition further emphasizes Broadridge's commitment to providing leading solutions to the Canadian financial services market that enable simplification and innovation and will enable Broadridge to bring accelerated innovation and product investments to the Canadian wealth market.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology that enables the financial services industry to operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information, please visit www.broadridge.com.  

Broadridge Contact Information

Investors
broadridgeir@broadridge.com   

Media
Gregg.rosenberg@broadridge.com 

 

View original content:https://www.prnewswire.com/news-releases/broadridge-completes-acquisition-of-kyndryl-sis-302293935.html

SOURCE Broadridge Financial Solutions, Inc.

FAQ

What did Broadridge (BR) acquire from Kyndryl in November 2024?

Broadridge acquired Kyndryl's Securities Industry Services (SIS) platform, which provides wealth management and capital markets software solutions to Canadian financial services firms.

How will the Kyndryl SIS acquisition benefit Broadridge's (BR) Canadian operations?

The acquisition will enable Broadridge to accelerate innovation and product investments in the Canadian wealth market while providing simplified solutions to Canadian financial services clients.

What market segment does Broadridge's (BR) Kyndryl SIS acquisition target?

The acquisition targets the Canadian financial services market, specifically focusing on wealth management and capital markets software solutions.