Broadridge snaps up 4sight
14 June 2016 Lake Success, New York
Image: Shutterstock
Broadridge Financial Solutions has added another string to its securities finance bow with the acquisition of 4sight Financial Software.
4sight will be integrated as part of Broadridge securities financing and collateral management solutions.
In a statement on the acquisition Broadridge highlighted synergies between 4sight’s proven solutions and global client footprint and Broadridge’s strong North American presence in the securities financing market as drivers behind the merger.
The specific terms of the deal were not disclosed.
The addition of 4sight also further strengthens Broadridge’s recently-announced global post trade management solution and managed services capabilities for business process outsourcing.
This latest purchase comes only three months after Broadridge finalised its acquisition of Massachusetts-based tech firm Anetics.
“The greater demand for collateral driven by the regulatory agenda has raised the need for a global approach to the multi-asset securities financing lifecycle,” said Michael Hopkins, president of fixed income, financing and risk at Broadridge.
We are delighted to welcome the talented 4sight team, who have built an exceptional solution and have deep domain experience in this market,” he added.
Alastair Chisholm, founder of 4sight and vice president, general manager at Broadridge, said “For decades, Broadridge has been focused on helping companies transform their operating models to gain operational and cost efficiency by providing proven yet innovative, market-leading technology solutions. We are excited to join the Broadridge team and bring our capabilities to Broadridge Securities Financing and Collateral Management solutions.”
“Through a holistic, global and multi-asset view of collateral and positions integrated across an enterprise, banks, broker-dealers, agent lenders and buy-side institutions can truly manage collateral and optimize financing decisions, while gaining a greater control of risk and improving balance sheet management,” said Chisholm.
4sight will be integrated as part of Broadridge securities financing and collateral management solutions.
In a statement on the acquisition Broadridge highlighted synergies between 4sight’s proven solutions and global client footprint and Broadridge’s strong North American presence in the securities financing market as drivers behind the merger.
The specific terms of the deal were not disclosed.
The addition of 4sight also further strengthens Broadridge’s recently-announced global post trade management solution and managed services capabilities for business process outsourcing.
This latest purchase comes only three months after Broadridge finalised its acquisition of Massachusetts-based tech firm Anetics.
“The greater demand for collateral driven by the regulatory agenda has raised the need for a global approach to the multi-asset securities financing lifecycle,” said Michael Hopkins, president of fixed income, financing and risk at Broadridge.
We are delighted to welcome the talented 4sight team, who have built an exceptional solution and have deep domain experience in this market,” he added.
Alastair Chisholm, founder of 4sight and vice president, general manager at Broadridge, said “For decades, Broadridge has been focused on helping companies transform their operating models to gain operational and cost efficiency by providing proven yet innovative, market-leading technology solutions. We are excited to join the Broadridge team and bring our capabilities to Broadridge Securities Financing and Collateral Management solutions.”
“Through a holistic, global and multi-asset view of collateral and positions integrated across an enterprise, banks, broker-dealers, agent lenders and buy-side institutions can truly manage collateral and optimize financing decisions, while gaining a greater control of risk and improving balance sheet management,” said Chisholm.
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