Broadridge Financial Solutions, Inc. (NYSE:BR) today announced it has completed its previously-announced acquisition of the North American Customer Communications (“NACC”) business of DST Systems, Inc. (NSYE:DST) for $410 million in cash, subject to post-closing adjustments.
The NACC business will be renamed Broadridge Customer Communications and integrated into Broadridge’s Investor Communication Solutions segment. The combination creates North America’s premier customer communications technology platform for print and digital, further enhancing Broadridge’s position as a leading provider of multi-channel communications.
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge's investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs more than 9,000 full-time associates in 14 countries.