Broadridge Financial Solutions Inc To Acquire Bonaire

Broadridge Financial Solutions Inc announced the signing of an agreement to acquire Bonaire Software Solutions, LLC - a provider of fee calculation, billing, and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms. The addition of Bonaire is another step in Broadridge's strategy to build a suite of data-driven solutions for mutual fund, retirement, and asset management firms to help them grow their businesses, operate efficiently and minimize risk. The acquisition of Bonaire will expand Broadridge's industry-leading offering for fee and expense management. The transaction is expected to close in July, subject to the satisfaction of customary closing conditions. Terms were not disclosed. Bonaire was advised by Raymond James & Associates.