M&A Deal Summary

Broadridge Acquires Fi360

On October 10, 2019, Broadridge acquired business services company Fi360 from Bluff Point Associates

Acquisition Highlights
  • This is Broadridge’s 6th transaction in the Business Services sector.
  • This is Broadridge’s 21st transaction in the United States.
  • This is Broadridge’s 3rd transaction in Pennsylvania.

M&A Deal Summary
Date 2019-10-10
Target Fi360
Sector Business Services
Buyer(s) Broadridge
Sellers(s) Bluff Point Associates
Deal Type Add-on Acquisition

Target

Fi360

Pittsburgh, Pennsylvania, United States
Fi360, Inc. is a provider of fiduciary-focused software, data and analytics for financial advisors and intermediaries across the retirement and wealth ecosystem. Fi360 also provides the accreditation and continuing education for the Accredited Investment Fiduciary® (AIF®) Designation, the leading designation focused on fiduciary responsibility.

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Buyer(S) 1

Buyer

Broadridge

Lake Success, New York, United States
Category Company
Founded 1962
Sector Information Technology
Employees14,000
Revenue 6.1B USD (2023)
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 28 of 38
Sector (Business Services) 6 of 8
Type (Add-on Acquisition) 23 of 28
State (Pennsylvania) 3 of 3
Country (United States) 21 of 29
Year (2019) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 RPM Technologies

Toronto, Ontario, Canada

RPM Technologies, Inc. is a provider of wealth management software solutions to leading Canadian banks and wealth management firms. RPM Technologies, Inc. is based in Toronto, Ontario.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-15 Appatura

Ridgefield Park, New Jersey, United States

Appatura, Inc. is a provider in granular content management and automated publishing solutions and service. Appatura proprietary database and headless CM named Syntext, Appatura’s mutual fund focused workflow and publishing engine: Docubuilder, and its innovative AI and Machine Learning Appasense tools. Appatura, Inc. was founded in 1993 and is based in Ridgefield Park, New Jersey.

Buy -

Seller(S) 1

SELLER

Bluff Point Associates

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Focused
DESCRIPTION

Bluff Point Associates is a private equity firm that invests in middle-market information technology companies serving the financial services and healthcare industries. The Firm looks for control positions in growth-oriented companies with $3 to $30 million in revenue. Bluff Point Associates was formed in 2011 and is based in Westport, Connecticut.

DEAL STATS #
Overall 12 of 15
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 9 of 11
State (Pennsylvania) 2 of 2
Country (United States) 12 of 15
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Visory

Chesterfield, Missouri, United States

Visory offers a secure platform that provides IT and cybersecurity solutions for small to medium-sized companies in the accounting, construction, and wealth management (RIA) space. Visory was founded in 2007 and is based in Chesterfield, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-30 Innovest Systems

New York City, New York, United States

Innovest Systems LLC is a provider of benefit disbursements, tax reporting, and document printing solutions to the employee benefits industry. The company's innovative solutions include automating monthly payments to printing and mailing secure documents; and helps great companies improve operating efficiencies, increase customer satisfaction, and grow their business.

Sell $120M
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