Broadridge Completes Acquisition of Kyndryl SIS
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.
Broadridge Financial Solutions (NYSE:BR) ha completato l'acquisizione della piattaforma dei Servizi per l'Industria dei Titoli (SIS) di Kyndryl, un fornitore di soluzioni software per la gestione patrimoniale e i mercati dei capitali per le aziende di servizi finanziari canadesi. Questa acquisizione strategica rafforza la posizione di Broadridge nel mercato canadese dei servizi finanziari, con l'obiettivo di accelerare l'innovazione e gli investimenti nei prodotti del settore patrimoniale canadese, semplificando nel contempo l'esperienza per i clienti.
Broadridge Financial Solutions (NYSE:BR) ha completado su adquisición de la plataforma de Servicios de la Industria de Valores (SIS) de Kyndryl, un proveedor de soluciones de software de gestión de patrimonio y mercados de capitales para empresas de servicios financieros canadienses. Esta adquisición estratégica refuerza la posición de Broadridge en el mercado canadiense de servicios financieros, con el objetivo de acelerar la innovación y la inversión en productos en el sector patrimonial canadiense, mientras se simplifica la experiencia para los clientes.
브로드리지 파이낸셜 솔루션 (NYSE:BR)는 킨드릴의 증권 산업 서비스(SIS) 플랫폼 인수 완료를 발표했습니다. 이는 캐나다의 금융 서비스 기업에 대한 자산 관리 및 자본 시장 소프트웨어 솔루션 제공업체입니다. 이번 전략적 인수는 브로드리지를 캐나다 금융 서비스 시장에서 더욱 강력한 위치로 강화하며, 캐나다 자산 부문에서 혁신과 제품 투자 가속화를 목표로 하고 고객을 위한 간소화를 촉진합니다.
Broadridge Financial Solutions (NYSE:BR) a finalisé l'acquisition de la plateforme des Services de l'Industrie des Valeurs Mobilières (SIS) de Kyndryl, un fournisseur de solutions logicielles de gestion des patrimoines et des marchés de capitaux pour les entreprises de services financiers canadiennes. Cette acquisition stratégique renforce la position de Broadridge sur le marché canadien des services financiers, visant à accélérer l'innovation et les investissements dans les produits du secteur de la gestion de patrimoine canadien, tout en simplifiant l'expérience pour les clients.
Broadridge Financial Solutions (NYSE:BR) hat die Übernahme der Securities Industry Services (SIS)-Plattform von Kyndryl abgeschlossen, die Lösungen für Software im Bereich Vermögensverwaltung und Kapitalmärkte für kanadische Finanzdienstleistungsunternehmen anbietet. Diese strategische Akquisition stärkt die Position von Broadridge im kanadischen Finanzdienstleistungsmarkt und zielt darauf ab, Innovation und Produktinvestitionen im kanadischen Vermögenssektor zu beschleunigen, während gleichzeitig die Vereinfachung für die Kunden ermöglicht wird.
- 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
- None.
Insights
The acquisition of Kyndryl's SIS platform strengthens Broadridge's position in the Canadian financial services sector, particularly in wealth management and capital markets software solutions. This strategic move will expand Broadridge's market share and enhance its product offerings in Canada's
The integration of SIS platform capabilities will likely drive revenue synergies through cross-selling opportunities and improved service offerings. While financial terms weren't disclosed, this acquisition aligns with Broadridge's growth strategy of expanding its technology solutions portfolio and geographic presence. The deal should positively impact Broadridge's recurring revenue streams and strengthen its competitive position against other fintech providers in the Canadian market.
This acquisition is strategically significant as it addresses the growing demand for advanced wealth management technology solutions in Canada. The Canadian wealth management industry is experiencing rapid digital transformation, with
The timing is opportune as Canadian financial institutions are actively seeking modern, integrated solutions to enhance their operational efficiency and client service capabilities. This positions Broadridge to capitalize on the increasing technology spending in the Canadian financial services sector, estimated to grow at a CAGR of
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
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?
How will the Kyndryl SIS acquisition benefit Broadridge's (BR) Canadian operations?
What market segment does Broadridge's (BR) Kyndryl SIS acquisition target?
