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BR - Broadridge To Acquire RPM Technologies For Enterprise Wealth Management Tech
Broadridge Financial Solutions Inc.Common Stock
Quick Take
Broadridge Financial Solutions (BR) said it has agreed to acquire RPM Technologies for $300 million.
RPM has developed an enterprise wealth management software system for Canadian financial services businesses.
BR is gaining a significant piece as it seeks to offer more capabilities to wealth management clients and prospects in the Canadian financial services industry.
Target Company
Toronto, Canada-based RPM was founded to provide modular investment software solutions for banks, IIROC Brokers, asset managers, and MFDA dealers in Canada.
Management is headed by president and CEO Dave Poppleton, who was previously an