Broadridge Financial Solutions, Inc. completes acquisition of City Networks Ltd

Broadridge Financial Solutions, Inc. (NYSE:BR) recently announced that it has completed the acquisition of City Networks Ltd, a leading software and services provider of reconciliation, multi-asset process automation and operational risk management solutions to the global financial services industry.

The acquisition further accelerates Broadridge’s international strategic growth, extending its growing range of solutions and competencies to its existing bank/broker and asset management client base. The acquisition also increases Broadridge’s service reach into client domains such as FX and money markets and OTC derivatives.

City Networks is a highly-respected solution provider. Through its PROactiveTM suite of solutions, it has a strong track-record for product innovation, customer service, and over 400 clients globally. Its enterprise reconciliation solution delivers superior rules-based capabilities and integrated exception management from the earliest point in the trade lifecycle through to post-settlement for any type of financial instrument across all internal systems and external agents. Its confirmation matching solutions automate the processing of trade confirmations with unsurpassed match rates.