Broadridge Financial Solutions, Inc. and IBM Services announced an agreement to bring new cloud-based solutions to Broadridge's clients in the financial services industry. As part of this strategic collaboration, Broadridge will create The Broadridge Private CloudT powered by IBM and will transition a significant portion of its global infrastructure to IBM. This key milestone in its cloud strategy will enable Broadridge to better provide powerful industry solutions to leading financial institutions around the world, with improved speed to market, flexibility, and resiliency.

Accelerating its shift to a hybrid cloud model will enable Broadridge to further deliver next-generation SaaS solutions to its clients through industry leading technology infrastructure. Today's announcement marks Broadridge's move of its mission-critical workloads to the cloud with IBM, to help further transform the financial services industry. Leveraging IBM's open source capabilities allows infrastructure flexibility and will provide Broadridge new opportunities to invest in its application portfolio, adding new capabilities to its market-leading solutions.

By implementing Red Hat OpenShift platform, the industry's most comprehensive Kubernetes platform, Broadridge will also be able to manage workloads across its overall hybrid cloud infrastructure. The financial services industry continues to face challenges from new and existing competitors, generating the constant need for new, innovative products and services. Additionally, increased regulatory and compliance requirements are driving the need for improved security and resiliency.

By engaging with IBM, Broadridge and its clients have a service provider with experience in providing hybrid cloud managed services with a keen awareness of the regulatory and compliance demands of the financial services industry globally.