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SS&C acquires DST Global Solutions

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Global company SS&C Technologies Holdings has acquired DST Global Solutions for a cash price of USD$95 million.

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>Under the terms of the deal, SS&C has now taken ownership of DST products including investment and fund accounting platform HiPortfolio, and investment management and analytics platform Anova.

The Connecticut-based technology company pointed to DST’s Asia-Pacific presence as one of the factors behind the play.

"We view EMEA and Asia Pacific as strategic geographies and this acquisition provides the talent, technology and client base to accelerate growth," said SS&C chairman and chief executive Bill Stone in a statement on the company's website.

“DST Global Solutions is a 390 person business with $60 to $65 million in annual revenues, 90 per cent of which comes from EMEA and Asia Pacific.

“This $95 million dollar investment will take integration and development but we are excited about the opportunity.”

 

SS&C acquires DST Global Solutions
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