Broadridge buys Bonaire to build data-driven strategy
Broadridge Financial Solutions is to acquire Bonaire Software Solutions, a provider of asset management fee calculation, billing, and revenue and expense management solutions.
The acquisition is part of Broadridge’s strategy to build a suite of data-driven solutions for mutual fund, retirement, and asset management.
“Bonaire is a great strategic fit for Broadridge. Its market-leading suite of solutions will extend Broadridge’s offerings for asset managers, wealth managers and mutual funds, while strengthening our platform for the future,” said Richard Daly, chief executive, Broadridge Financial Solutions (right). “Broadridge will help Bonaire enhance its strong track record of growth by leveraging our client relationships and technology solutions in the US and globally.”
Bonaire offers three broad, enterprise grade systems: Revport is a multi-asset, revenue management platform that performs fee billing calculations based on asset performance. Payport is an accounts receivables and collections solution designed specifically for the asset management industry. Empower BI is a business intelligence and management information platform for developing management reports and dashboard metrics.
