Acquisition to provide unique combination of global retail
and institutional data, market intelligence and insight
LAKE SUCCESS, New York,
July 11, 2017 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE: BR) has
acquired Spence Johnson Limited, a leading provider of global
institutional data and intelligence to the asset management
industry. The acquisition will combine Broadridge's global retail
fund data and analytics solutions with Spence Johnson's institutional data, market
intelligence and insight, bringing together retail and
institutional data and analytics in a single industry source for
the first time. This powerful combination will extend Broadridge's
ability to provide its asset management clients with a holistic
global market view enabling identification and analysis of growth
opportunities.
"This acquisition is another step in Broadridge's strategy to
provide our asset management clients with leading data solutions
and market intelligence on a global basis," said Dan Cwenar, president, Broadridge Data and
Analytics.
Broadridge's Global Market Intelligence solution, which analyzes
over 82,000 mutual funds and ETFs globally, will be expanded to
include Spence Johnson's Money in
Motion product, which tracks over $7
trillion of institutional flows. Bringing together these two
market leading solutions on cross border funds and institutional
mandates will enable powerful analytics on assets and flows across
the asset management industry. The expansion of capabilities in
research and consultancy underscores Broadridge's commitment to
providing the industry with enhanced data and deeper insights.
"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," said Stephanie
Clarke, senior vice president of Broadridge's Global Market
Intelligence business. "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."
"Spence Johnson is proud to join
Broadridge and together provide the industry with an unprecedented
view of the asset management marketplace," said Magnus Spence, co-founder and CEO of
Spence Johnson. "Our combined data
and analytics will better enable us to provide our clients with the
data and insights needed to identify growth opportunities."
Terms were not disclosed.
About Broadridge
Broadridge Financial Solutions, Inc.
(NYSE:BR) a global fintech leader, provides investor communications
and technology-driven solutions for broker-dealers, banks, mutual
funds and corporate issuers globally. Broadridge's investor
communications, securities processing and managed services
solutions help clients reduce their capital investments in
operations infrastructure, allowing them to increase their focus on
core business activities. With over 50 years of experience,
Broadridge's infrastructure underpins proxy voting services for
over 90 percent of public companies and mutual funds in
North America, and processes more
than $5 trillion in fixed income and
equity trades per day. Broadridge employs approximately
10,000 full-time associates in 16 countries. For more information
about Broadridge, please visit www.broadridge.com.
Contact information:
Investors:
W. Edings
Thibault
Investor Relations
+1 516-472-5129
edings.thibault@broadridge.com
Media:
EMEA
Cognito Media
Paul Bowhay/Oliver Mann
+44 207-426-9417
BroadridgeEMEA@cognitomedia.com
U.S.
Joe LoBello
+1 516-902-2694
joe@lobellocommunications.com
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