Broadridge Financial Solutions Inc. announced Tuesday that it has purchased a British data company for an undisclosed amount.
The Lake Success-based provider of proxy statements, annual reports and other documents to shareholders of public companies has bought Spence Johnson Ltd. in London.
The move comes less than a month after Broadridge announced a “strategic alliance” with Spence to provide clients with access to more data.
Broadridge maintains information on 82,000 mutual funds and exchange-traded funds, while Spence tracks $7 trillion in investments by pension funds and other institutions.
“This acquisition is another step in Broadridge’s strategy to provide our asset management clients with leading data solutions and market intelligence on a global basis,” said Dan Cwenar, president of Broadridge’s data and analytics division.
Magnus Spence, co-founder and CEO of Spence, said, “Our combined data and analytics will better enable us to provide our clients with the data and insights needed…
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