Broadridge to Access Buy Side With Paladyne Acquisition

Charlie Marchesani, president of securities processing solutions, Broadridge Financial Solutions

Broadridge Financial Solutions’ acquisition of Paladyne Systems, a provider of investment management systems to buy-side clients, is a “foundational entry” into the buy-side space for Broadridge, according to the company’s president of securities processing solutions, New York-based Charlie Marchesani.

Speaking after Thursday’s announcement of the acquisition, which cost approximately $76.5 million, Marchesani said: “We have identified the buy side as a key strategic initiative for us. We servi