Broadridge Completed Acquisition of Fiduciary Services and Competitive Intelligence Business

Broadridge Completed Acquisition of Fiduciary Services and Competitive Intelligence Business
08.06.2015 01:00 am

Broadridge Completed Acquisition of Fiduciary Services and Competitive Intelligence Business

M&A Deals

 Broadridge Financial Solutions, Inc. (NYSE:BR) has completed its acquisition of the Fiduciary Services and Competitive Intelligence unit from Thomson Reuters’ (NYSE: TRI) Lipper division. The acquisition expands Broadridge’s leading enterprise data and analytics solutions for mutual fund manufacturers, ETF issuers, and fund administrators, adding new global data and research capabilities. Broadridge announced its agreement to acquire the business on May 21, 2015. Terms were not disclosed.

As previously announced, Broadridge and Thomson Reuters Lipper also entered into a long term content and brand licensing services agreement under which Thomson Reuters Lipper will provide Broadridge with data on investment product classifications, pricing, performance, benchmarking, product asset positions, and product flows, ensuring continuity of underlying content and methodology.

“Adding these solutions to our well established mutual fund and retirement business provides our clients and the industry with a comprehensive suite of compliance oversight, fee benchmarking and competitive intelligence solutions,” said Gerard F. Scavelli, president of Broadridge’s Mutual Funds and Retirement Solutions Group. “Broadridge remains committed to delivering quality service to help clients mitigate risks, meet their fiduciary responsibilities and enhance sales productivity. We welcome Thomson Reuters’ clients and associates to the Broadridge organization.”

All Thomson Reuters Fiduciary Services and Competitive Intelligence unit associates in Denver, Colorado; London, England; and Gdynia, Poland will join the Broadridge organization. The acquired capabilities will be integrated within Broadridge’s Mutual Fund and Retirement Solutions Group, expanding its existing Access Data suite of market intelligence solutions.

Related News

Cornerstone Completes Acquisition of FXPress Payment Services Following Consent of the FCA

Cornerstone Brands is pleased to announce the completion of its acquisition of FXPress Payment Services Ltd. (“FXPress”) following the consent... Read more »

Pure Storage to Acquire the Leading Kubernetes Data Services Platform Portworx

Pure Storage (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, today announced it has entered into a definitive agreement... Read more »

Ohpen acquires Europe’s #1 STP loan and mortgage software company Davinci

Ohpen, the first fintech platform to bring a bank to the cloud, today announces its acquisition of cross-border loan and mortgages Software as a Service (SaaS... Read more »

Cornerstone to Acquire FXPress Payment Services

Cornerstone Brands is pleased to announce that shareholders have approved the intended acquisition of FXPress Payments Services Ltd, a... Read more »

ConsenSys Acquires Quorum® Platform from J.P. Morgan

ConsenSys, an industry-leading blockchain software company, today announced the acquisition... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel