Broadridge Completes Acquisition of Itiviti
U.S.-based fintech
Broadridge Financial Solutions (NYSE:BR) announced on Wednesday it has completed the acquisition of Itiviti Holding AB (“Itiviti”), a provider of trading and connectivity technology to the capital markets industry. Broadridge notably purchased Itiviti from Nordic Capital in an all-cash transaction valued at €2.143 billion (approximately $2.5 billion)
As previously reported, Itiviti is described as a global capital markets technology service provider that is offering scalable solutions for financial institutions 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 suite of Trading and Connect solutions offer comprehensive tools to support both connectivity and adaptivity to changing market dynamics
Broadridge Financial Solutions, Inc (NYSE:BR) - Broadridge To Acquire Itiviti For $2 5B To Boost Capital Market Franchise
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Broadridge Extends Capital Markets Franchise with Acquisition of Itiviti
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.