M&A Deal Summary

Broadridge Acquires Emerald Connect

On February 26, 2014, Broadridge acquired information technology company Emerald Connect from StoneRiver Group for 60M USD

Acquisition Highlights
  • This is Broadridge’s 3rd transaction in the Information Technology sector.
  • This is Broadridge’s 7th largest (disclosed) transaction.
  • This is Broadridge’s 9th transaction in the United States.
  • This is Broadridge’s 1st transaction in California.

M&A Deal Summary

Date 2014-02-26
Target Emerald Connect
Sector Information Technology
Buyer(s) Broadridge
Sellers(s) StoneRiver Group
Deal Type Divestiture
Deal Value 60M USD

Target

Emerald Connect

San Diego, California, United States
website
Emerald Connect is a provider of solutions-based marketing and technology tools for the financial services industry. Emerald’s product lines include mobile-responsive, content-rich websites, client newsletters, topic-specific seminars, social media content, targeted email marketing, and direct-mail support services that set the benchmark for the industry.

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Buyer(S) 1

Buyer

Broadridge

Lake Success, New York, United States

website


Category Company
Founded 1962
Sector Information Technology
Employees14,300
Revenue 5.7B USD (2022)
DESCRIPTION

Broadridge is a provider of investor communications and technology-driven solutions for wealth management, asset management and capital markets firms. The Company helps clients drive operational excellence to manage risk, accelerate growth and deliver real business value. Broadridge was incorporated in 1962 and is based in Lake Success, New York.


DEAL STATS #
Overall 10 of 35
Sector (Information Technology) 3 of 11
Type (Divestiture) 1 of 9
State (California) 1 of 2
Country (United States) 9 of 26
Year (2014) 1 of 1
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-17 Bonaire Software Solutions

Boston, Massachusetts, United States

Bonaire Software Solutions LLC is a provider of fee calculation, billing, and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-03 Direxxis

Needham, Massachusetts, United States

Direxxis LLC is a provider of cloud based integrated enterprise marketing solutions for financial advisers.

Buy -

Seller(S) 1

SELLER

StoneRiver Group

Columbia, South Carolina, United States

Category Company
Founded 1998
Sector Insurance
DESCRIPTION

StoneRiver Group is a holding company that owns several insurance services businesses, including StoneRiver National Flood Services, StoneRiver Insurance Solutions, StoneRiver RegEd, Emerald Connect, StoneRiver Pharmacy Solutions and Progressive Medical.


DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 1 of 1
Type (Divestiture) 2 of 3
State (California) 2 of 2
Country (United States) 2 of 3
Year (2014) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-19 StoneRiver FSC

Moorpark, California, United States

FSC delivers insurance rating and management systems to more than 6,500 customers, including independent agents, brokers, insurance carriers and managing general agencies across the country.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-15 StoneRiver National Flood Services

Kalispell, Montana, United States

StoneRiver National Flood Services, Inc. is a provider of flood insurance policy for commercial and residential markets.

Sell -