Press Releases

BlackRock Completes Acquisition of Cachematrix

Jul 25, 2017

Innovative Financial Technology Enhances BlackRock’s Risk and Cash Management Capabilities to Address Industry’s Changing Need

 

New York, July 25, 2017 – 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

 

Contact:

Farrell Denby

About BlackRock

BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of June 30, 2018, the firm managed approximately $6.3 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com.