SS&C Technologies to Acquire Advent Software

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Go back to SS&C Technologies to Acquire Advent Software

SS&C Technologies (SSNC) to Acquire Advent Software (ADVS) in $2.7B Deal

February 2, 2015 4:53 PM EST

SS&C Technologies (Nasdaq: SSNC) and Advent Software, Inc. ("Advent") (Nasdaq: ADVS) announced that the Companies have entered into a definitive agreement wherein SS&C will acquire Advent. Under the terms of the agreement, SS&C will purchase Advent for an enterprise value of approximately $2.7 billion in cash, equating to $44.25 per share plus assumption of debt.

Advent has more than 4,300 customers including asset managers, hedge funds, fund administrators, prime brokers, family offices and wealth management advisory firms, located across more than 50 countries worldwide. Headquartered in San Francisco, California, with... More