Broadridge acquires fellow vendor 4sight Financial Software
Broadridge Financial Solutions has taken over fellow vendor 4sight Financial Software, a provider of securities finance and collateral management systems to financial institutions worldwide.
Terms of the deal were not disclosed. Quayle Munro Limited acted as 4sight’s financial advisor in this transaction.
UK-based 4sight was founded in 2003 and grew to acquire a client base across 16 countries. In terms of client type, 4sight boasts “a full spectrum of financial market participants from global broker dealers and custodial banks to asset managers, insurance companies and pension funds”.
4sight will be integrated into Broadridge’s Securities Financing and Collateral Management business. The result will be a broad suite of offerings that include front-to-back office securities lending, repo processing, synthetic financing and enterprise-wide collateral management.
“4sight’s proven solutions and global client footprint complements Broadridge’s strong North American presence in the securities financing market,” states Broadridge.
The aforementioned Securities Financing and Collateral Management suite complements Broadridge’s recently launched Global Post Trade Management (GPTM) solution and business process outsourcing capabilities.