SS&C Technologies (SSNC) Acquires DST Unit in $95M Cash Deal
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SS&C Expands Investment Management Software and Services Offerings by Acquiring DST Global Solutions
December 1, 2014 4:02 PM ESTWINDSOR, Conn., Dec. 1, 2014 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that it has acquired DST Global Solutions Ltd., a subsidiary of DST Systems, Inc., for $95 million in cash. DST Global's products now owned by SS&C include industry-leading investment and fund accounting platform, HiPortfolio®, and investment data management and analytics platform, Anova. SS&C financed a $75 million portion of the purchase price by drawing down on its line of credit.
With more than 155 customers throughout the Americas, EMEA, and... More
