"This represents the type of strategic acquisition we have been looking to execute. The addition of Access Data's solutions will enable us to leverage our industry position and offer a more complete solution for critical processing services between funds and broker-dealers. Access Data gives us a clear path to grow quickly and service this exciting mutual fund market," said Richard J. Daly, Chief Executive Officer, Broadridge. "I am delighted to welcome the highly skilled Access Data associates to Broadridge. They pioneered mission-critical solutions that provide transparency of comprehensive mutual fund sales and asset data. Together under the Broadridge umbrella, we can grow to achieve the same pinnacle of industry leadership as we have with our core communications solutions," Mr. Daly added.
"Broadridge and Access Data share a common business model and focus. We eliminate the need for our clients to manage complex technology utilizing our Software as a Service (SaaS) delivery model. This allows them to focus on running their businesses using our groundbreaking solutions and investment industry data," commented Daniel Cwenar, President, Access Data. "As part of Broadridge, our clients will gain access to the expansive solution set, industry expertise, and resources of a strong, global service provider that has successfully served the financial services industry for over four decades," he added.
About Broadridge
Broadridge Financial Solutions, Inc., with over $2.2 billion in revenues in fiscal year 2008 and more than 40 years of experience, is a leading global provider of technology-based outsourcing solutions to the financial services industry. Our systems and services include investor communication, securities processing, and clearing and outsourcing solutions. We offer advanced, integrated systems and services that are dependable, scalable and cost-efficient. Our systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities. For more information about Broadridge, please visit www.broadridge.com.
About Access Data
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