Bonaire offers calculation, billing, and revenue and expense management solutions to asset managers, including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms.
Broadridge Financial Solutions CEO Richard Daly said that Bonaire’s suite of technologies will strengthen its platform for the future.
Daly stressed, "Broadridge will help Bonaire enhance its strong track record of growth by leveraging our client relationships and technology solutions in the U.S. and globally."
Bonaire Software Solutions CEO Christopher John said joining Broadridge will boost its client service and sales, and its global footprint will help broaden Bonaire’s combined breadth of product applications to new geographies and clients.
The company provides three broad, enterprise grade solutions, including a multi-asset, revenue management platform REVPORT, accounts receivables and collections solution PAYPORT, and a business intelligence and management information platform EMPOWER BI.
Pending receipt of approvals from concerned regulatory agenicies, the transaction is likely to complete during July 2013 and Raymond James & Associates offered advices Bonaire relating to the deal.
