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A-Team Insight Blogs

Broadridge Completes Acquisition of Investigo as Part of EDM Push

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.

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