BlackRock Completes Acquisition of Cachematrix
July 25 2017 - 5:11PM
Business Wire
Innovative Financial Technology Enhances
BlackRock’s Risk and Cash Management Capabilities to Address
Industry’s Changing Needs
BlackRock, Inc. (NYSE: BLK) has completed its acquisition of
Cachematrix, a leading provider of financial technology which
simplifies the cash management process for banks and their
corporate clients in a streamlined, open-architecture platform.
The acquisition of Cachematrix adds a new dimension to
BlackRock’s global liquidity management capabilities, building on
its strength and scale in the cash management space and leadership
position in technology and risk management. The combined set of
capabilities will seek to enhance BlackRock’s ability to serve the
evolving needs of cash investors and help solve their complex
liquidity challenges.
BlackRock is one of the most experienced and largest cash
management providers in the world, managing approximately $400
billion* in cash management assets for corporations, banks,
foundations, insurance companies and public funds. BlackRock has
more than 40 years of experience in the cash management business
and has a robust suite of global liquidity management
solutions.
The acquisition of Cachematrix is part of BlackRock’s strategy
to invest in scalable technology solutions that leverage its global
platform for the benefit of clients and shareholders. BlackRock’s
partner firms are increasingly looking to technology to improve
their ability to meet their clients’ needs. BlackRock’s platform of
financial technology solutions includes Aladdin, iRetire, Aladdin
Risk for Wealth Management and FutureAdvisor.
*As of June 30, 2017
About BlackRock
BlackRock is a global leader in investment management, risk
management and advisory services for institutional and retail
clients. At June 30, 2017, BlackRock’s AUM was $5.7 trillion.
BlackRock helps clients around the world meet their goals and
overcome challenges with a range of products that include separate
accounts, mutual funds, iShares® (exchange-traded funds), and other
pooled investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base
of institutional investors through BlackRock Solutions®. As of June
30, 2017, the firm had approximately 13,000 employees in more than
30 countries and a major presence in global markets, including
North and South America, Europe, Asia, Australia and the Middle
East and Africa. For additional information, please visit the
Company’s website at www.blackrock.com | Twitter: @blackrock_news |
Blog: www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock
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version on businesswire.com: http://www.businesswire.com/news/home/20170725006548/en/
BlackRock, Inc.Media Contact:Farrell Denby,
212-810-8034Farrell.Denby@BlackRock.com
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