NEW YORK, New York -- July 19, 2007 -- 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."
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge’s investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 14 countries.
For more information about Broadridge, please visit www.broadridge.com.