The definitive agreement is expected to close in the coming months, subject to regulatory approvals, applicable employee requirements and customary conditions
Proxymity will use this additional growth capital to further enhance its global proxy voting and shareholder disclosure technology, and to support its expansion into the APAC region
The firm says it chose the Validus platform for its effectiveness in processing large data volumes and delivering enhanced analytics for operational reporting and long-term decision making
The Securities Services business will build out its client franchise through the expansion of its products and services for insurance companies in Germany