About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Broadridge Completes Acquisition of Investigo as Part of EDM Push

Subscribe to our newsletter

Broadridge Financial Solutions has successfully completed the acquisition of Investigo Corporation as part of its plans to strengthen its positioning in the enterprise data management (EDM) and compliance space.

According to the vendor, this acquisition complements a number of its initiatives targeted to support the wealth management strategies of its customers and Investigo’s products and technologies can be leveraged to add value to its own solutions.

Richard Daly, CEO of Broadridge Financial Solutions, explains: “Investigo’s solution has proven to be readily scalable and is already making a difference for a number of large financial services firms. At the same time, the acquisition of Investigo demonstrates our commitment to buy customer focused organisations that can deliver innovative solutions to our clients.”

The Investigo Enterprise Solution provides financial services enterprise data consolidation from multiple sources, including clearing houses, custodians and back office systems, into a central repository. It aggregates client account, position and transaction data to create a single structured data repository that provides information to all applications across the enterprise. These include a number of applications available from Investigo, as well as proprietary and third party applications.

Charlie Marchesani, president of Broadridge Securities Processing Solutions, comments: “Investigo is a great fit in our securities processing solutions business. Their technology and deep understanding of its applications will enable us to tailor better and deeper solutions for financial institutions confronting the need to seamlessly combine customer and transaction information from multiple sources to achieve their business, relationship management and compliance strategies.”

Scott Fergusson, co-founder of Investigo, who will become vice president of product management and development for Broadridge, adds: “Our acquisition by Broadridge will provide Investigo’s customers with a globally strong business partner with over US$2.0 billion in revenues and a 40-plus year track record of providing superb service to financial services organisations of all sizes. 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.”

Fergusson will lead the development of a number of new initiatives including further enhancements to the business intelligence value of the data model, automation of direct business with mutual funds and insurance carriers and broader compliance offerings.

It is anticipated that there will be no technology changes or development required by Investigo’s current customers.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Reframing Corporate KYC: Encompass Targets Back-Book Exposure with Scalable EC Review

For many SME focussed banks, KYC investments have streamlined the onboarding journey but legacy KYC records – the back-book – often remain dormant until a regulatory inspection, or an enforcement case at a peer institution, forces a wholesale review. The challenge that follows is how to remediate at scale, with urgency, and without the need...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Regulatory Data Handbook 2014

Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...