Broadridge Opens 'Digital Centre of Excellence' in Tel Aviv
- Wednesday's announcement comes 6 months after Broadridge acquired Israeli start-up ActivePaths
Broadridge Financial Solutions, a provider of data and analytics to the financial services industry, announced this Wednesday that it will be opening a new office in Tel Aviv.
According to a statement issued by the firm, the new office is an expansion of its Digital Center of Excellence (CoE).
"The launch of our Tel Aviv office and further investment in digital expertise is an exciting milestone and is illustrative of Broadridge's strong commitment to digital transformation," said Doug DeSchutter, President of Broadridge Customer Communications. "Broadridge has helped clients successfully digitize content across industries, including investor communications for proxies and interims where 64% of these communications are now electronic or suppressed.”
Tel Aviv’s newest office will focus on the development of digital communications management platforms and user experience (UX) tools aimed at improving consumer engagement.
Broadridge noted that the new CoE will be based in ‘Silicon Wadi’ - Israel’s answer to Silicon Valley.
A Broadridge Office in Israel - 6 Months in the Making
The office will be headed up by Avi Weiss, the CEO of ActivePaths. A digital billing and customer relations Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term, ActivePaths was acquired by Broadridge in March of this year.
"Broadridge's Digital Center of Excellence in Tel Aviv not only demonstrates our commitment to investing in the Israeli market, but also enables us to be more responsive to the rapidly evolving needs of our clients and helps transform Broadridge's regulatory and customer communications," said Weiss.
To some degree, the opening of this new office isn’t unexpected. Weiss and Rob Krugman, ActivePath’s Chief Digital Officer, told The Times of Israel they wanted to invest in Israel in the wake of the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term in March.
“The idea is to invest,” Krugman said in March, “and build out the technology they are currently working on but also continue to invest and grow in the Israeli market.”
Broadridge Financial Solutions, a provider of data and analytics to the financial services industry, announced this Wednesday that it will be opening a new office in Tel Aviv.
According to a statement issued by the firm, the new office is an expansion of its Digital Center of Excellence (CoE).
"The launch of our Tel Aviv office and further investment in digital expertise is an exciting milestone and is illustrative of Broadridge's strong commitment to digital transformation," said Doug DeSchutter, President of Broadridge Customer Communications. "Broadridge has helped clients successfully digitize content across industries, including investor communications for proxies and interims where 64% of these communications are now electronic or suppressed.”
Tel Aviv’s newest office will focus on the development of digital communications management platforms and user experience (UX) tools aimed at improving consumer engagement.
Broadridge noted that the new CoE will be based in ‘Silicon Wadi’ - Israel’s answer to Silicon Valley.
A Broadridge Office in Israel - 6 Months in the Making
The office will be headed up by Avi Weiss, the CEO of ActivePaths. A digital billing and customer relations Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term, ActivePaths was acquired by Broadridge in March of this year.
"Broadridge's Digital Center of Excellence in Tel Aviv not only demonstrates our commitment to investing in the Israeli market, but also enables us to be more responsive to the rapidly evolving needs of our clients and helps transform Broadridge's regulatory and customer communications," said Weiss.
To some degree, the opening of this new office isn’t unexpected. Weiss and Rob Krugman, ActivePath’s Chief Digital Officer, told The Times of Israel they wanted to invest in Israel in the wake of the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term in March.
“The idea is to invest,” Krugman said in March, “and build out the technology they are currently working on but also continue to invest and grow in the Israeli market.”