BROADRIDGE ACQUIRES WEALTH MANAGEMENT SOLUTIONS PROVIDER
Posted July 30, 2008
“Investigo’s solution has proven to be readily scalable and is already
making a difference for a number of large financial services firms. They
are a strong addition to the Broadridge family,” says Richard J. Daly,
Chief Executive Officer, Broadridge Financial Solutions. “At the same
time, the acquisition of Investigo demonstrates our commitment to buy
customer-focused organizations that can deliver innovative solutions to
our clients.”
Broadridge plans to continue to use Investigo’s architecture and
technology for new service offerings and will continue to support all of
Investigo’s current solutions. It is anticipated that there will be no
technology changes or development required by Investigo’s current
customers. Broadridge says the acquisition will increase its commitment
to enterprise data management and compliance solutions.
The Investigo Enterprise Solution provides financial services enterprise
data consolidation from sources including clearing houses, custodians
and back office systems, all through a central repository. The solution
aggregates client account, position, and transaction data for all
applications across an enterprise.
“Our acquisition by Broadridge will provide Investigo’s customers with a globally strong business partner with over $2 billion in revenues and a 40-plus year track record of providing superb service to financial services organizations of all sizes,” says Scott Fergusson, Co-Founder of Investigo, who will be Vice President of Product Management and Development at Broadridge. “Broadridge’s resources and experience will enable us to support an ambitious schedule of product development while constantly improving the quality and service levels of all of our offerings.”