Bytes selects Broadridge Financial Solutions to deliver advanced technology solutions to South African banks and corporations

Issued by Bytes Technology Group
Johannesburg, 08 Dec 2015

Bytes Universal Systems (BUS), a division of Altron TMT, South Africa's largest privately owned converged services provider, today announced its strategic alliance with Broadridge Financial Solutions (NYSE: BR), a leading provider of technology-driven solutions for the global financial services industry, to help financial institutions and companies solve business challenges, increase operational efficiency and accelerate growth. The alliance will enable firms to benefit from the powerful combination of Bytes' local market expertise and Broadridge's award-winning technology solutions for operational process management and control.

Broadridge's operational process management and control solutions, in particular its SWIFT-enabled global financial transaction messaging and reconciliation service, will deliver enduring business value to South African firms through improved business control and transparency; reduced exposure to risk; and higher levels of operational efficiency.

"This alliance represents a tremendous opportunity for firms to benefit from the unique combination of Broadridge's best-in-class global transaction automation and process control, together with BUS' leadership position as a premier specialised provider of value-add IT solutions to the South African market," said Mark Neethling, General Manager: Financial Services at BUS. "Collectively, we are fully committed to help firms transform their levels of efficiency and prospects for growth."

"Firms around the globe are currently impeded by a lack of standardisation and process control in their operations, which exposes them to avoidable costs and errors, and disparate views of cash management and investments across business units," said Jerome Hoffman, Director of Business Development, Africa, Broadridge. "The Broadridge alliance will help firms reduce processing costs and mitigate risks by centralising transactional workflows, both domestically and cross-border, while at the same time improving the detection and resolution of errors."

Bytes Universal Systems

Bytes Universal Systems, a division of the Bytes Technology Group, designs, develops and implements specialised solutions. With over 480 highly skilled and experienced delivery managers, subject matter experts, architects, business analysts, project managers and programmers, BUS provides a portfolio of services, software and solutions directed at solving business critical customer problems. BUS provides insights to enable innovative solutions that add value to its customers in their terms.

Bytes Technology Group

Bytes Technology Group (Bytes), a principal subsidiary of JSE-listed Altron, is a federation of leading IT companies. It operates in South Africa with operations in several other African countries, the United Kingdom and the Middle East. Sustainable and constant growth through strategic acquisitions has enabled the group to provide unlimited solutions to customers and become a leader in the IT field. It has a multitude of products and solutions, technical skills and specialised services that support enterprise-wide IT infrastructure and telecommunications in a wide range of industries.

Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge's investor communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 7 400 full-time associates in 14 countries. For more information about Broadridge, please visit www.broadridge.com.

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Bytes selects Broadridge Financial Solutions to deliver advanced technology solutions to South African banks and corporations

Alliance provides local financial institutions and corporates with better access to world-class capabilities to increase operational efficiency and business control.