Innovative Financial Technology Enhances BlackRock’s Risk and Cash
Management Capabilities to Address Industry’s Changing Needs
NEW YORK--(BUSINESS WIRE)--
BlackRock, Inc. (NYSE: BLK) has completed its acquisition of
Cachematrix, a leading provider of financial technology which simplifies
the cash management process for banks and their corporate clients in a
streamlined, open-architecture platform.
The acquisition of Cachematrix adds a new dimension to BlackRock’s
global liquidity management capabilities, building on its strength and
scale in the cash management space and leadership position in technology
and risk management. The combined set of capabilities will seek to
enhance BlackRock’s ability to serve the evolving needs of cash
investors and help solve their complex liquidity challenges.
BlackRock is one of the most experienced and largest cash management
providers in the world, managing approximately $400 billion* in cash
management assets for corporations, banks, foundations, insurance
companies and public funds. BlackRock has more than 40 years of
experience in the cash management business and has a robust suite of
global liquidity management solutions.
The acquisition of Cachematrix is part of BlackRock’s strategy to invest
in scalable technology solutions that leverage its global platform for
the benefit of clients and shareholders. BlackRock’s partner firms are
increasingly looking to technology to improve their ability to meet
their clients’ needs. BlackRock’s platform of financial technology
solutions includes Aladdin, iRetire, Aladdin Risk for Wealth Management
and FutureAdvisor.
*As of June 30, 2017
About BlackRock
BlackRock is a global leader in investment management, risk management
and advisory services for institutional and retail clients. At June 30,
2017, BlackRock’s AUM was $5.7 trillion. BlackRock helps clients around
the world meet their goals and overcome challenges with a range of
products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions®. As of June 30, 2017, the firm had
approximately 13,000 employees in more than 30 countries and a major
presence in global markets, including North and South America, Europe,
Asia, Australia and the Middle East and Africa. For additional
information, please visit the Company’s website at www.blackrock.com
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View source version on businesswire.com: http://www.businesswire.com/news/home/20170725006548/en/
BlackRock, Inc.
Media Contact:
Farrell Denby,
212-810-8034
Farrell.Denby@BlackRock.com
Source: BlackRock, Inc.