NEW YORK, NY -- (MARKETWIRE) -- 07/19/07 --
Broadridge Financial Solutions, Inc. (NYSE: BR) announced today that Piper Jaffray has signed a multi-year contract for
Broadridge's Global Processing Solution, a suite of products for front
office productivity, equity and fixed income securities transaction
processing, statement and confirmation mailing, and document
archival/management that support institutional and high net worth business
client needs.
As an existing proxy and prospectus processing client, Piper Jaffray will
implement Broadridge's Global Processing Solution which includes solutions
for equities, options, and fixed income securities. Additionally, Piper
Jaffray will take advantage of Broadridge's account statement and trade
confirmation processing and mailing services as well as its electronic
document management and archival system, PostEdge®.
Piper Jaffray Chief Administrative Officer, Todd Firebaugh, stated that
Broadridge's ability to provide a broad service solution was a compelling
factor in the firm's decision to select Broadridge. "Due to the
integration of its product suite, Broadridge offers a comprehensive
solution that will enable the expansion of our capital markets business and
in turn enable us to support new offerings for our clients," Firebaugh
said.
"Piper Jaffray is a dynamic firm, and Broadridge is thrilled to partner
with the company as it continues to grow its capital markets business by
exploring and developing new opportunities," said Charlie Marchesani,
President, Broadridge, Securities Processing Solutions. "Our goal is to
provide our clients with a truly turn-key solution for all of their
securities processing and investor communications needs, and we are excited
that Piper Jaffray will be able to leverage our products and services to
accommodate its strategic business objectives."
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.
About Piper Jaffray
Piper Jaffray Companies is a leading, international middle market
investment bank and institutional securities firm, serving the needs of
middle market corporations, private equity groups, public entities,
nonprofit clients and institutional investors. Founded in 1895, Piper
Jaffray provides a comprehensive set of products and services, including
equity and debt capital markets products; public finance services; mergers
and acquisitions advisory services; high-yield and structured products;
institutional equity and fixed-income sales and trading; and equity and
high-yield research. With headquarters in Minneapolis, Piper Jaffray has 25
offices across the United States and international locations in London and
Shanghai. The firm's UK operating subsidiary, Piper Jaffray Ltd., is
authorized and regulated by the Financial Services Authority and is a
member of the London Stock Exchange. Piper Jaffray & Co. is the firm's
principal operating subsidiary. (NYSE: PJC) (http://www.piperjaffray.com)
Since 1895. Member SIPC and NYSE.
Press Contacts:
Tony DeMeo
Broadridge Financial Solutions, Inc.
212 918 6919
Email Contact
Rob Litt
Piper Jaffray
612 303 8266