Robinhood to buy Say Technologies for $140m
By Michele Maatouk
Date: Tuesday 10 Aug 2021
(Sharecast News) - Robinhood has agreed to buy retail investor relations platform Say Technologies for around $140m in cash.
The firm said on Tuesday that Say is a mission-driven company that's built an innovative communication platform that makes it easier for investors to exercise their ownership rights.
Robinhood's chief product officer, Aparna Chennapragrada, said: "Like Robinhood, Say was built on the belief that everyone should have the same access to the financial markets as Wall Street insiders. We share a common goal of eliminating the barriers that keep people from participating in our financial system.
"Say has reimagined investor communications from the ground up, and their products have made it easier for millions of people to have a voice in the companies they invest in. Say's proxy processing technology helps broker-dealers give their customers seamless access to their vote, and its Q&A platform lets everyday shareholders participate in events like earnings by asking and upvoting questions."
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