Bonaire, a Broadridge Financial Solutions company, has migrated its Software as a Services (SaaS) solution to Broadridge's hosting environment.
Investment manager TCW Group has signed Bonaire for its revenue and expense management platform, the vendor has announced.
Buy-Side Technology has learned that two of the founders of Paladyne Systems─Sameer Shalaby and Scott Alderson─have left the vendor, which was renamed Paladyne, a Broadridge Company, after Broadridge Financial Solutions acquired the buy-side technology…
This week it was announced that Broadridge bought Bonaire. Anthony examines the implications.
Broadridge Financial Solutions has acquired buy-side focused vendor Bonaire Software Solutions for an undisclosed sum. The deal is expected to close next month.
Boston-based fee tracking and reconciliation software provider Bonaire, which historically targets buy-side managers, has beefed up its recent foray into vendor agreement optimization for capital markets.
The buy-side provider says its Revport solution will now calculate distribution fees and fully audit fund rebates.
UBS has gone live with Bonaire Software Solutions' Revport platform.
Asset manager PineBridge Investments has selected Bonaire Software Solutions' Revport platform to centralize its fee billing processes.
Up to half of investment management firms to continue to see operational costs in manually processed payments and delayed billing.
The expense and revenue management solution will come with a new GUI for mutual funds and built-in functional modules, among other improvements.
For many funds and administrators, payments remain a manually intensive process, creating potential risk and additional costs for investors.
In an effort to automate the mutual fund industry, Bonaire has created a solution to help with calculations and reconciliations to help manage funds' distributor contracts.