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State Street to Buy CRD for $2.6 Billion

July 23, 2018 by Eugene Grygo

State Street to Buy CRD for $2.6 Billion

Custodian giant State Street Corp. is moving to acquire investment software vendor Charles River Development (CRD) for $2.6 billion and plans to combine CRD’s front- and middle-office software as a service (SaaS) offerings with State Street’s technology to create a more comprehensive transaction processing system, tailored to new buy-side demands. The $2.6 billion acquisition will… Read More >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Securities Operations, Buy-Side, Clearing, Corporate Actions, Data Management, Industry News, Mergers & Acquisitions, Middle-Office, Ops Automation, Outsourcing, Risk Management, Settlement, General Interest, Governance, Back-Office, Integration, Standards, Regulation & Compliance, Regulatory Compliance, Industry News Tagged With: buy-side demands, Charles River Development, comprehensive transaction processing system, Investment Management Solution, M&A, middle office, Peter Lambertus, Ron O'Hanley, State Street Corp.

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