Broadridge Acquires Paladyne Systems

Broadridge Financial Solutions has acquired Paladyne Systems, a provider of investment management systems to buy-side clients, for approximately $76.5 million.

The acquisition significantly increases Broadridge’s position as a service provider to buy-side clients and is planned as the foundation for further expansion into the market.

Paladyne will be part of Broadridge's Securities Processing Solutions division. Broadridge’s global reach is expected to enable Paladyne to expand into new markets

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