New York - Broadridge Financial Solutions has acquired 4sight Financial Software, a provider of securities finance and collateral management systems to financial institutions. 4sight will be integrated as part of Broadridge Securities Financing and Collateral Management solutions, helping clients optimize financing decisions across different asset categories, automate the securities financing lifecycle and control risk.
4sight's solutions and client footprint complements Broadridge's North American presence in the securities financing market. Through this acquisition, Broadridge now offers banks, broker-dealers, agent lenders, asset managers and other buy-side firms Securities Finance and Collateral Management solutions that include front-to-back office securities lending, repo processing, synthetic financing and enterprise-wide collateral management. Terms of the deal were not disclosed.