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Broadridge Completes Acquisition of Itiviti


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 changi ....

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Broadridge Reports Third Quarter Fiscal Year 2021 Results


Broadridge Reports Third Quarter Fiscal Year 2021 Results
Raising Guidance for FY21 Revenue and Adjusted EPS Growth
Recurring Revenue Grew 8%
Diluted EPS was $1.40 and Adjusted EPS Increased 5% to $1.76
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NEW YORK, May 4, 2021 /PRNewswire/  Broadridge Financial Solutions, Inc. (NYSE: BR) today reported financial results for the third quarter and nine months ended March 31, 2021 of its fiscal year 2021. Results compared with the same period last year were as follows:  
Summary Financial Results
2021
GAAP
(2)%
Broadridge delivered strong third quarter results, including 8% recurring revenue growth and 8% Adjusted Operating income growth, said Tim Gokey, Broadridge s Chief Executive Officer. ....

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