NewRiver, an Andover, MA-based provider of investor disclosure software, has inked a deal with Broadridge Financial Solutions (NYSE:[[ticker:BR]]) to be acquired for $77 million, the companies reported yesterday. Lake Success, NY-based Broadridge said the deal is expected to close in August, and NewRiver’s staff in Andover and New Delhi will become part of its investor communication solutions division. Founded in 1995, NewRiver developed the first electronic prospectus, according to the companies’ press release. NewRiver’s investors include Ironside Ventures of Waltham, MA, and New York City-based investors FirstMark Capital and Lazard Technology Partners, according to its website.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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