Broadridge Financial Solutions Acquires Cloud-Based ECS Assets From Jordan & Jordan

July 1, 2021 9:22 AM | 1 min read |

Fintech company Broadridge Financial Solutions Inc BR acquired cloud-based Execution Compliance and Surveillance Service (ECS) assets from Jordan & Jordan to drive its regulatory compliance capabilities for broker-dealers.
The financial terms of the transaction remain undisclosed.
The solution provides a combination of surveillance and regulatory reporting and compliance consulting capabilities for U.S. regulations.
The tuck-in acquisition provided a natural extension of Broadridge's reporting and compliance capabilities for pre and post-execution activities for the U.S. market. It underlined Broadridge's commitment to expanding capital markets offerings to clients.
Broadridge held $355.8 million in cash and equivalents as of March 31, 2021.
Price action: BR shares closed lower by 0.32% at $161.53 on Wednesday.

Posted In: M&A News Tech Media Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.