Broadridge Financial Solutions has acquired CompSci Resources, a provider of cloud-based financial technology software for the preparation and processing of SEC filings for public companies and funds. Details of the deal were not disclosed.
CompSci’s technology platform TransformTM will be integrated with Broadridge’s regulatory filings and disclosure capabilities to provide public companies and funds with a full-suite of collaborative, web-based solutions to simplify and enhance SEC regulatory disclosure preparation, XBRL tagging and EDGAR filing.
Mike Tae, Broadridge co-president of investor communication solutions, said that public companies and funds need to comply with increasingly complex regulatory requirements in the most efficient and cost-effective manner.
“We are modernising the regulatory disclosure process with advanced technology to enable public companies and funds to have more direct control of their SEC filings,” Tae added.
The CompSci platform automates the disclosure preparation process, features AI-assisted XBRL tagging, and enables collaboration among work teams.
The Securities and Exchange Commission has amended Volume II of the Electronic Data Gathering, Analysis, and Retrieval system Filer Manual (EDGAR Filer Manual) and related rules and forms. EDGAR Release 24.2 will be deployed in the EDGAR system on 1 July 2024.
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