Eight days after announcing
it was acquiring NewRiver
has completed the $77 million deal.
NewRiver is now part of Broadridge's investor communications solutions unit.
Company Press Release
Broadridge Completes Acquisition of NewRiver, Inc., a Leading Innovator in Electronic Investor Disclosure
LAKE SUCCESS, NY, Aug 25, 2010 -- Broadridge Financial Solutions, Inc. today announced the closing of its acquisition of NewRiver, Inc., a leader in electronic investor disclosure solutions that has been an important supplier to Broadridge for nearly a decade.
This acquisition will strengthen its capabilities as the industry leader in compliance communications and intelligent document fulfillment. NewRiver's data warehouse of regulatory disclosure documents and productivity tools will enable Broadridge to offer additional solutions to its brokerage, mutual fund, variable annuity and retirement plan clients. Furthermore, the integration of additional data and technology accelerates Broadridge's overall e-strategy with a broader set of solutions to assist its clients in the transition from paper to electronic document delivery.
With the goal of delivering increased value to its clients, Broadridge will begin immediately integrating NewRiver's business into its organization.
Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com.
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