Broadridge has acquired Paladyne Systems, a provider of front-, middle- and back-office trading platforms for multiple asset classes, for $76.5 million. Paladyne also provides portfolio management tools, pricing and valuation applications, data warehousing and data aggregation and reporting.

The acquisition significantly strengthens Broadridge’s offerings to buy-side firms, said Charlie Marchesani, president of securities processing solutions at Broadridge. With the acquisition, Marchesani said, “we believe that Broadridge is uniquely positioned to offer technology and outsourcing services to the hedge fund, asset management, fund administration, prime brokerage and custodial industry segments.

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