Broadridge has completed its previously announced acquisition of Itiviti, a provider of trading and connectivity technology to the capital markets industry.
The acquisition is set to extend Broadridge’s back-office capabilities into the front office and deepen its multi-asset class solutions.
According to Broadridge, this will better enable the company to help financial institutions adapt to a rapidly evolving marketplace.
The addition of Itiviti’s footprint in Asia Pacific and Europe, the Middle East and Africa also increases Broadridge’s scale outside of North America to better serve global clients.
Itiviti is a global capital markets technology service provider offering solutions that financial institutions use to consolidate their trading infrastructure.
It has offices in 16 countries and, according to Itiviti, it serves 24 of the top 25 global investment banks and over 2,000 leading brokers, trading firms and asset managers across 50 countries.
Itiviti will become part of Broadridge’s Global Technology and Operations segment and its senior management team, led by CEO Rob Mackay, will remain with the company to drive future growth.
