BlackRock Acquires Cachematrix, Expanding its Cash Management Capabilities

[kreslik.news]

Despite the onset of summer, the M&A space remains highly active in 2017, with asset management giant BlackRock (NYSE: BLK) entering into an agreement to acquire Cachematrix. The deal will help strengthen BlackRock’s global liquidity management while also paving the way for the development of a newly consolidated cash and investment interface for clients – terms of the deal were not presently disclosed.

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BlackRock is one of the largest asset managers globally, boasting nearly $390 billion in total assets for a consortium of banks, corporations, and other entities. Its decision to buy ... (read more)