Global technology-based outsourcing solutions provider Broadridge has acquired Inveshare's technology assets for $135m, and has entered into a development agreement to create blockchain applications. Inveshare has been granted "a perpetual license" for the technology and retains its position as an independent provider of proxy communications services. The acquisition is expected to close in Q3 2018.
Global technology-based outsourcing solutions provider Broadridge has acquired Inveshare's technology assets for $135m, and has entered into a development agreement to create blockchain applications. Inveshare has been granted "a perpetual license" for the technology and retains its position as an independent provider of proxy communications services. Richard J. Daly, Broadridge President and CEO said: "Integrating blockchain technology into the proxy process has the potential to drive significant benefits for all participants."