Bridging the gap: Broadridge looks front-to-back with acquisition of Itiviti
The deal signals a transformative move for Broadridge into the front-office space to help clients simplify their front-to-back technology stack. But some industry observers are skeptical about how it will achieve this.
When Broadridge Financial Solutions announced at the end of March that it was buying Itiviti from Nordic Capital for $2.5 billion, the price tag caught some off guard. The fact that it was Broadridge acquiring the Swedish trading platform provider surprised others. But this is the way the market is moving: large banks, large exchanges, and large vendors are all trying to figure out how they can create their own front-to-back ecosystem for users.
Banks used to say that they weren’t technology
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