Broadridge buys Access

Article Excerpt

BROADRIDGE FINANCIAL SOLUTIONS $16.60 (New York symbol BR: SI Rating: Extra Risk) (201-714-3000; www.broadridge.com; Shares outstanding: 140.3 million; Market cap: $2.3 billion) has bought Access Data Corp. for an undisclosed amount. Access Data sells software and related services to financial firms. These include over 40 mutual fund companies that together manage a combined $3 trillion of mutual fund assets. Adding Access Data broadens Broadridge’s existing services and expands its customer base. Broadridge is still a buy. buy…