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Broadridge Financial Solutions acquires Access Data

May 22, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Broadridge Financial Solutions Inc (BR/Tw)

Broadridge Financial Solutions, Inc. (BFS) has acquired Access Data Corp., a developer of web-based reporting and data management solutions for asset management firms and financial intermediaries.

BFS provides technology-based outsourcing solutions to the financial services industry. Both the companies are based in the US. 

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Completed: 2009-05-21

Deal Participants 

Target (Company)   Access Data Corp.
Acquirer (Company) Broadridge Financial Solutions, Inc.

Deal Rationale

The acquisition of Access Data would enable Broadridge to strengthen its market position by expanding its product offering to the mutual fund industry.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Broadridge Financial Solutions Inc (BR/Tw)


Related terms: acquisition, knowledge management, market, technology, web

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