Broadridge completes NewRiver acquisition
Broadridge Financial Solutions (NYSE:BR) today announced the closing of its acquisition of NewRiver, a leader in electronic investor disclosure solutions that has been an important supplier to Broadridge for nearly a decade.
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This acquisition will strengthen its capabilities as the industry leader in compliance communications and intelligent document fulfillment. NewRiver's data warehouse of regulatory disclosure documents and productivity tools will enable Broadridge to offer additional solutions to its brokerage, mutual fund, variable annuity and retirement plan clients. Furthermore, the integration of additional data and technology accelerates Broadridge's overall e-strategy with a broader set of solutions to assist its clients in the transition from paper to electronic document delivery.
With the goal of delivering increased value to its clients, Broadridge will begin immediately integrating NewRiver's business into its organization.