DST Systems (DST) Acquires BlueDoor Technologies
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DST Systems, Inc. (NYSE: DST) has acquired 100% of the stock of BlueDoor Technologies Pty Ltd, a private company based in Melbourne, Australia.
BlueDoor provides software solutions for participant accounting for the funds management and retirement savings ("superannuation") markets in Australia. BlueDoor has approximately 35 employees and reported revenues of approximately $7.0 million (AUD) for the fiscal year ended June 30, 2008.
BlueDoor's financial results after November 14, 2008 will be consolidated with those of DST. On a pro-forma basis, the transaction is not expected to have a material impact on DST's net income or earnings per share for 2008.
DST Systems, Inc. (DST) is a global provider of information processing and computer software services and products to the financial services industry (primarily mutual funds and investment managers), telecommunications industry, the healthcare industry and other service industries. [SM]
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