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.