Broadridge Financial Solutions, Inc. (NYSE: BR), a provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally, acquired QED Financial Systems, Inc., a Marlton, New Jersey-based investment accounting solutions provider.
The terms of the transaction were not disclosed.
QED complements the front and back office solutions that Broadridge currently provides to the global asset management community including; portfolio management, data and analytics, revenue and expense management, trade processing and shareholder communication solutions.
Founded in 1987 by Joe Potesta, QED provides software-based investment accounting solutions, data management and outsourced investment accounting services to more than 40 institutional investors and asset managers who together have more than $1.5 trillion in assets under management.
The firm has 47 associates.