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Broadridge acquires CompSci Resources, LLC to enhance SEC disclosure capabilities

Jul 01, 2024•about 1 year ago

Acquiring Company

Broadridge Financial Solutions

Acquired Company

CompSci Resources

New YorkFintechFinancial ServicesSoftware

Description

Broadridge Financial Solutions, Inc. has acquired CompSci Resources, LLC, a provider of cloud-based financial technology software. The acquisition aims to integrate CompSci's technology platform Transform™ with Broadridge's regulatory filings and disclosure capabilities, providing public companies and funds with enhanced SEC regulatory disclosure preparation, XBRL tagging, and EDGAR filing solutions.

Company Information

Company

Broadridge Financial Solutions

Location

New York, New York, United States

About

Broadridge Financial Solutions, Inc. is a global Fintech leader with over $6 billion in revenues, providing critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. They 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.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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