NEW YORK, NY -- (MARKET WIRE) -- 04/30/07 --
Broadridge Financial Solutions, Inc. (NYSE: BR),
formerly ADP Brokerage Services Group, today announced the launch of its
Global Reference Data Solution, a fully managed enterprise solution that
combines capture, scrubbing, storage and distribution of mission critical
reference data with an ASP and BPO delivery.
The Global Reference Data Solution will be powered by GoldenSource. IBM
will be the preferred systems integrator in order to offer prospective
clients a full end-to-end solution that includes comprehensive integration
of the client's downstream systems to Broadridge's Global Reference Data
Solution.
Broadridge's Global Reference Data Solution is a high performance platform
which will acquire data from select market data feeds as well as internal
and/or proprietary data. Broadridge will use GoldenSource's comprehensive
EDM platform to ensure that accurate and consistent reference data is
centralized, stored, and published to downstream client systems.
Broadridge's Global Reference Data Solution will include flexible,
client-defined rules and will enable Broadridge to manage both simple and
complex securities data across multiple asset classes while providing the
scalability to meet the evolving needs of its clients.
"Our Global Reference Data Solution offering will create a single source of
truth for reference data by leveraging the scalability, flexibility and
depth of the GoldenSource platform. By implementing the Global Reference
Data Solution offering, clients will be able to leverage the core
competencies of all three firms to reduce time-to-market, mitigate risk and
improve operational efficiencies," said Charlie Marchesani, President,
Broadridge, Securities Processing Solutions, US. "With this new service, we
are responding to strong industry demand for outsourced managed data
services through a natural outgrowth of our long heritage managing
reference data and providing world class service delivery."
"A critical requirement of this innovative end-to-end service is the
ability to quickly connect a vast array of downstream transaction and
application systems to the Broadridge Service," said Doug Butler, Americas
Financial Markets Industry Leader for IBM Global Business Services. "By
leveraging our deep data management expertise and proven track record in
delivering complex integration projects, IBM is ideally suited to rapidly
bringing this service to market and adding significant value to the
Broadridge offering."
"GoldenSource is proud to be chosen by Broadridge as the key technology
powering this high value reference data market solution," said Mike
Meriton, President and CEO, GoldenSource Corporation. "Broadridge will
leverage GoldenSource's broad and comprehensive industry data standard
through our 'Powered by' program to speed client adoption of their new
service offering and deliver immediate value to end-users."
About Broadridge
Broadridge Financial Solutions, Inc., formerly ADP Brokerage Services
Group, with nearly $2.0 billion in revenues and more than 40 years of
experience, is a leading global provider of technology-based outsourcing
solutions to the financial services industry. Our integrated systems and
services include investor communication, securities processing, and
clearing and outsourcing solutions. We offer advanced, integrated systems
and services that are dependable, scalable and cost-efficient. Our systems
help reduce the need for clients to make significant capital investments in
operations infrastructure, thereby allowing them to increase their focus on
core business activities. For more information about Broadridge, please
visit www.broadridge.com
Forward-Looking Statements
This release and other written or oral statements made from time to time by
representatives of Broadridge may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Statements that are not historical in nature and which may be identified by
the use of words like "expects," "assumes," "projects," "anticipates,"
"estimates," "we believe," "could be" and other words of similar meaning,
are forward-looking statements. These statements are based on management's
expectations and assumptions and are subject to risks and uncertainties
that may cause actual results to differ materially from those expressed.
Factors that could cause actual results to differ materially from those
contemplated by the forward-looking statements include: the impact of
Broadridge's separation from ADP on the clients, employees and other
aspects of Broadridge's business; Broadridge's cost structure and capital
structure as a stand-alone company, including its credit ratings and
indebtedness; Broadridge's success in obtaining, retaining and selling
additional services to clients; the pricing of products and services;
changes in laws regulating registered clearing agencies and broker-dealers;
overall market and economic conditions; competitive conditions; financial
market activity; changes in technology; availability of skilled technical
employees and the impact of new acquisitions and divestitures. Broadridge
disclaims any obligation to update any forward-looking statements, whether
as a result of new information, future events or otherwise.
Press Contact:
Dorothy Friedman
Broadridge
(212) 918-6920
Email Contact