Broadridge Completes Itiviti Takeover
Posted by Colin Lambert. Last updated: May 16, 2021
Broadridge Financial Solutions has announced it has completed the acquisition of trading technology firm Itiviti. The deal, valued at EUR 2.1 billion, was first announced in March 2021.
The firm says the acquisition “significantly strengthens” its franchise and extends its back office capabilities into the front office across multi-asset classes. The addition of Itiviti’s footprint in APAC and EMEA also increases Broadridge’s scale outside of North America to better serve global clients, it adds.
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.