Broadridge has purchased securities finance and collateral tech vendor 4sight for an undisclosed fee, the latest acquisition by the New York Stock Exchange-listed firm.

Backed up by revenues of $2.6bn last year, Broadridge’s main businesses are securities processing, clearing and investor communication. 

The addition of 4sight extends the firm's front-to-back office securities lending, repo processing, synthetic financing and collateral management capabilities, an official statement said. 

Banks, broker-dealers, agent lenders, asset managers and other buy-side firms are all part of 4sight's customer base.

The company has offices in Edinburgh, London, New York, Toronto, Sydney and Amsterdam and was set-up by software developer Alastair Chisholm.

“The greater demand for collateral driven by the regulatory agenda has raised the need for a global approach to the multi-asset securities financing lifecycle,” said Michael Hopkins, president of fixed income, financing and risk at Broadridge.

Last month Broadridge broadened its global post trade management solution, adding exchange-traded derivatives functionality through the acquisition of Dojima LLC.

It also recently purchased Anetics, a provider of securities lending solutions for broker-dealers, buy-side firms and custodial banks.

“Following the recent acquisition of Anetics, this transaction marries 4sight’s proven global capabilities in securities financing with Broadridge’s securities processing solutions to deliver best-of-breed, fully integrated Securities Financing and Collateral Management solutions,” Hopkins added.