Broadridge Buys Paladyne

Financial technology provider Broadridge last week acquired New York-based Paladyne Systems, a provider of technology, data warehousing and reference data solutions to hedge funds, asset managers, fund administrators and prime brokers, for $76.5 million to expand the services it can provide to buy-side clients, while bringing Paladyne’s technologies to a broader client base. Paladyne will be part of Broadridge’s Securities Processing Solutions division.

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