Financial systems developer Broadridge Financial Solutions announced Wednesday that it has agreed to acquire Bonaire Software Solutions.
Broadridge CEO Richard Daly said in the statement that Bonaire, which provides fee calculation, billing, and expense management solutions to asset managers, “extend [the firm’s] offerings for asset managers…while strengthening [Broadridge’s] platform for the future.”
Meanwhile, Bonaire CEO Christopher John explained that the acquisition “will accelerate Bonaire’s growth potential.”
The acquisition is expected to close in July. No financial details of the agreement have been disclosed.