Post-Paladyne, Broadridge Expands Managed Services Offering on the Buy Side
2016 will mark five years since Broadridge bought Paladyne Systems.
It was five years ago that Broadridge Financial Solutions gobbled up Paladyne Systems for over $70 million. The deal was made in order to expand Broadridge's presence on the buy side. While the Paladyne name is no longer in use, the aim has been achieved, according to Bennett Egeth, president of Broadridge's reference data and risk management solutions.
The old Paladyne unit currently has just under 300 clients globally, which is about double what it had at the time of the acquisition, according
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