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Broadridge Financial Solutions, Inc. (NYSE:BR), a global provider of technology-based outsourcing solutions to the financial services industry, has announced that it has acquired technology assets of Inveshare Inc. and entered into a development agreement to use these assets to develop blockchain applications for Broadridge’s proxy business.
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Broadridge granted Inveshare a perpetual license to the acquired technology assets and Inveshare will remain an independent provider of proxy communications services.It will pay $95 million upfront to acquire the existing technology assets plus a deferred payment of $40 ... (read more)