It will pay $95 million upfront to acquire the existing technology assets plus a deferred payment of $40 million on delivery of the blockchain applications. Global technology - based outsourcing service provider Broadridge has acquired Inveshare 's technology portfolio for $ 135 m , and has entered into a licensing agreement to provide blockchain software . 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 growth for all participants . "
Global technology - based outsourcing service provider Broadridge has acquired Inveshare 's technology portfolio for $ 135 m , and has entered into a licensing agreement to provide blockchain software . 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 growth for all participants . "