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Broadridge Buys Paladyne For $77M
Broadridge Financial Solutions has purchased New York–headquartered buy-side technology and services company Paladyne Systems for around $76.5 million.
Broadridge Financial Solutionshas purchased New York–headquartered buy-side technology and services companyPaladyne Systemsfor around $76.5 million. The acquisition of Paladyne will significantly expand Broadridge’s position as a service provider to buy-side clients.
Paladyne Systems will operate as a core business within Broadridge’s securities processing solutions unit.Raymond James & Associatesprovided financial advice to Broadridge, whereasCredit Suissewas Paladyne’s strategic adviser on the transaction.
Click here for the release fromBroadridge Financial Solutions.