Broadridge is expanding its data and analytics solution with the acquisition of Spence Johnson, a provider of institutional data and intelligence to the asset management industry.
Spence Johnson’s Money in Motion product will be combined with Broadridge’s Global Market Intelligence solution, bringing retail and institutional data and analytics together in a single product.
Through pairing its global retail fund data and analytics solution with Spence Johnson’s institutional data, market intelligence and insight capabilities, Broadridge intends to provide asset management clients with a more holistic global market view.
Terms of the deal have not been disclosed.
Stephanie Clarke, senior vice president of Broadridge’s Global Market Intelligence business, said: “Combining Broadridge’s and Spence Johnson’s powerful data and analytics solutions will position Broadridge to provide our clients the ability to perform complete cross channel analysis, enabling unique geographic, market and product views.”
She added: “The ability to measure and benchmark the market by geography, channel and product will be a significant advancement in asset management industry data, analytics and insight.”
Magnus Spence, co-founder and CEO of Spence Johnson, commented: “Spence Johnson is proud to join Broadridge and together provide the industry with an unprecedented view of the asset management marketplace.”
He said: “Our combined data and analytics will better enable us to provide our clients with the data and insights needed to identify growth opportunities.”
