Acquires CompSci, a Web-based, collaborative
platform for SEC disclosure preparation, XBRL tagging, and EDGAR
filing; platform simplifies disclosure complexities with both
managed and self-service capabilities
NEW
YORK, July 1, 2024 /PRNewswire/ -- Broadridge
Financial Solutions, Inc. (NYSE: BR) today announced that it has
acquired CompSci Resources, LLC, a provider of cloud-based
financial technology software for the preparation and processing of
SEC filings for public companies and funds. CompSci's technology
platform Transform™ will be integrated with Broadridge's regulatory
filings and disclosure capabilities to provide public companies and
funds with a full-suite of collaborative, web-based solutions to
simplify and enhance SEC regulatory disclosure preparation, XBRL
tagging and EDGAR filing.
"The combination of CompSci and Broadridge technology and
expertise provides the ultimate SEC disclosure solution to the
industry at a time when public companies and funds need to comply
with increasingly complex regulatory requirements in the most
efficient and cost-effective manner," said Mike Tae, Broadridge's co-president of Investor
Communication Solutions. "We are modernizing the regulatory
disclosure process with advanced technology to enable public
companies and funds to have more direct control of their SEC
filings."
"CompSci and Broadridge disclosure solutions are a natural fit
given our shared focus on simplifying the corporate governance
process for public companies and funds," said Ron Lord, COO of CompSci. " We are excited to
become part of the Broadridge investor communications solution
set."
The CompSci web-based regulatory disclosure and filing platform
enhances Broadridge's portfolio of end-to-end governance and
communication capabilities, which includes solutions for
shareholder meetings and proxy, corporate governance and
shareholder engagement, and stock transfer agency. The platform
automates the disclosure preparation process, features AI-assisted
XBRL tagging, and enables seamless collaboration among
geographically dispersed work teams. Further, the technology allows
the process to move from Word and Excel documents to web-enabled
and self-serve methods. It can be leveraged to manage filings
independently using a self-service approach or can be used as a
hybrid solution with support from Broadridge's expert service
teams.
Broadridge's Investor Communication Solutions business, which
includes Broadridge Issuer Solutions, sits at the center of a
global network that connects hundreds of broker-dealers and wealth
managers, thousands of public companies, tens of thousands of
funds, more than 100 million individual investors and 800 million
equity positions. Broadridge's investment in this connected
network creates real benefit for clients and the broader industry
by enabling better corporate governance, enhancing the investor
experience, and driving improved business outcomes.
The transaction is not expected to have a material impact on
Broadridge's financial results.
Forward-Looking Statements
This press release and other written or oral statements made
from time to time by representatives of Broadridge may contain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Statements that are not
historical in nature, and which may be identified by the use of
words such as "expects," "assumes," "projects," "anticipates,"
"estimates," "we believe," "could be," "on track," and other words
of similar meaning, are forward-looking statements.
These statements are based on management's expectations and
assumptions and are subject to risks and uncertainties that may
cause actual results to differ materially from those expressed.
These risks and uncertainties include those risk factors described
and discussed in Part I, "Item 1A. Risk Factors" of our Annual
Report on Form 10-K for the year ended June
30, 2023 (the "2023 Annual Report"), as they may be updated
in any future reports filed with the Securities and Exchange
Commission. All forward-looking statements speak only as of the
date of this press release and are expressly qualified in their
entirety by reference to the factors discussed in the 2023 Annual
Report.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with more than $6 billion in
revenues, provides the critical infrastructure that powers
investing, corporate governance and communications to enable better
financial lives. We deliver technology-driven solutions that drive
business transformation for banks, broker-dealers, asset and wealth
managers and public companies. Broadridge's infrastructure serves
as a global communications hub enabling corporate governance by
linking thousands of public companies and mutual funds to tens of
millions of individual and institutional investors around the
world. Our technology and operations platforms underpin the daily
trading of more than U.S. $10
trillion of equities, fixed income and other securities
globally. A certified Great Place to Work®, Broadridge is part of
the S&P 500® Index, employing over 14,000 associates in 21
countries.
For more information about us and what we can do for you, please
visit www.broadridge.com.
Broadridge Contact
Information
Investors
broadridgeir@broadridge.com
Media
Tatjana
Kulkarni
Tatjana.Kulkarni@broadridge.com
EDGAR® and SEC® are trademarks of the U.S. Securities and
Exchange Commission. Broadridge's products and services are not
affiliated with or approved by the U.S. Securities and Exchange
Commission.
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SOURCE Broadridge Financial Solutions, Inc.