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 | Twitter: @blackrock_news | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock
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