LAKE SUCCESS, N.Y.,
Oct. 2, 2017 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE: BR) has
acquired Summit Financial Disclosure, LLC, a full-service financial
document management solutions provider. Summit's document
composition and regulatory filing services will be integrated with
Broadridge's proxy voting and shareholder communications services
to create an end-to-end solution that spans the entire corporate
disclosure lifecycle from private funding, through capital markets
transactions and ongoing communications to regulators and
shareholders. Broadridge has a 30-year history of providing
corporate issuer solutions including proxy voting, transfer agency,
data, print, omni-channel delivery and annual meeting services.
"Joining Summit's technology and expertise with Broadridge's
leading communications solutions will create the ideal end-to-end
resource for corporations in a market that demands greater speed,
convenience and cost efficiency," said Robert Schifellite, Broadridge's corporate
senior vice president and president, Investor Communication
Solutions. "This previously unavailable, efficient, single-source
model will better serve our clients by streamlining the disclosure
and communications process, eliminating redundancies, increasing
speed and reducing costs for corporations."
Summit was founded in 2013, and acquired EDGARfilings from
Thomson Reuters in 2014. Summit's transactional capabilities
support clients in the preparation, filing and dissemination of
offering documents and related materials for capital markets
transactions and merger and acquisition transactions. Summit's
compliance offerings include SEC EDGAR preparation and filing for
ongoing regulatory and shareholder communications. Solutions are
offered as a managed service, self-service software or hybrid
approach.
"We are excited to join Broadridge, a trusted industry leader in
shareholder communications," said Summit co-founder Jim Palmiter. "Since Summit's founding in 2013,
we have been committed to changing antiquated practices in our
industry," commented Summit co-founder Kenneth McClure. "Combined with
Broadridge, we look forward to delivering an expanded suite of
innovative services, and even greater value to our clients."
Terms of the transaction were not disclosed.
About Broadridge
Broadridge Financial Solutions, Inc.
(NYSE: BR) a $4 billion 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:
Linda Namias
Broadridge Financial Solutions
+1 631-254-7711
linda.namias@broadridge.com
Brett Philbin
Edelman
+1 212-704-8263
brett.philbin@edelman.com
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SOURCE Broadridge Financial Solutions, Inc.