Exclusive: Broadridge Gobbles Up Paladyne in a Buy-Side Shakeup

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Sameer Shalaby, CEO, Paladyne Systems

Broadridge Financial Solutions announced today that it is acquiring buy-side vendor Paladyne Systems for about $76.5 million, which is subject to various adjustments. This is the latest—and greatest—step that Broadridge has made to expand its presence into the buy-side market.

"We think with the relationships we have with our sell-side clients, it was a natural extension for us to expand into the [buy-side] market," says Charlie Marchesani, president of securities processing solutions for Broadr

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