Broadridge has acquired TwoFour Systems, a provider of FX solutions for banks and broker-dealers, in order to address rising demand for advanced FX and cash management technology.
The transaction was completed on December 30, 2014; however the terms were not disclosed.
“It is one of the latest developments in our ongoing tuck-in acquisition strategy, which continues to bring innovative technologies to our clients and strong internal rates of return to Broadridge,” says Richard Daly, president and CEO, Broadridge.
Broadridge will integrate the technology with its reconciliations and matching technologies to create a solution that supports a range of cash and liquidity processes.
TwoFour Systems will be branded as Broadridge FX and Liquidity Solutions, operating within the Global Technology and Operations division.
Broadridge Enhances FX Solutions With Acquisition
Broadridge has acquired TwoFour Systems, a provider of FX solutions for banks and broker-dealers, in order to address rising demand for advanced FX and cash management technology.
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