Topic: How To Invest

Power Growth Investor Hotline – Thursday, April 1, 2021

Article Excerpt

BROADRIDGE FINANCIAL SOLUTIONS INC., $154.92, is a buy. The company, symbol BR on New York, serves the investment industry in three main areas: investor communications, securities processing, and transaction clearing. Broadridge announced a major acquisition this week. The company will now buy Itiviti Holding AB, a leading provider of trading and connectivity technology to the capital markets industry. Broadridge will pay $2.5 billion in cash to buy Itiviti from Nordic Capital. Headquartered in Stockholm and with offices in 16 countries, Itiviti serves 24 of the top 25 global investment banks and over 2,000 leading brokers, trading firms and asset managers across 50 countries. Itiviti’s services aim to let financial institutions consolidate their trading infrastructure across all classes of securities and at the same time cut costs. It also lets them keep up with evolving regulatory demands. The acquisition should be a good fit for Broadridge. It will add Itiviti’s front-office trade order and execution management systems to its own industry-leading post-trade product offerings and…

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