August 2, 2018

SS&C plans to acquire Boston software co. for $1.4B

HBJ file photo
HBJ file photo
SS&C CEO Bill Stone

Windsor financial-software and services vendor SS&C Technologies Holdings Inc. continued its shopping spree this week announcing plans to acquire a Boston-based provider of investment software for $1.4 billion.

SS&C said it will acquire Eze Software from investment firm TPG Capital, which is based in Texas and California. The deal is expected to close by year-end 2018.

Under the acquisition, SS&C will add 1,050 employees to 15 offices across five continents. The Windsor company will also add over 2,500 clients.

Eze Software serves asset managers and a variety of hedge fund, multi-manager and asset-owner clients. The Boston company recorded total revenues of $280 million in 2017.

SS&C CEO and Chairman Bill Stone said his company will leverage its global presence to expand Eze Software's "geographic reach."

SS&C's purchase of Eze Software follows a string of other completed acquisitions this year.

In June, SS&C finalized its purchase of CACEIS North America, the fund administration business of CACEIS based in Toronto and New York. Financial terms were not disclosed.

Also this spring, SS&C inked a $5.4 billion purchase of Missouri-based financial services and healthcare technology firm DST. Under the deal, SS&C is paying about $84 per share in cash, including assumption of debt.

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