26 September 2017
visit www.ncr.com

SS&C closes Thomson Reuters Portia acquisition

10 May 2012  |  2096 views  |  0 Source: SS&C Technologies Holdings

SS&C Technologies Holdings (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced the completion of its acquisition of the assets of Thomson Reuters' Portia business, including an industry leading middle-to-back office investment operations platform, pursuant to the terms of its definitive asset purchase agreement with Thomson Reuters.

The asset purchase agreement was previously announced on February 29, 2012.

SS&C's acquisition of the PORTIA business adds a comprehensive platform of middle-to-back office capabilities allowing investment managers to track and manage day-to-day portfolio activity. PORTIA will complement SS&C's existing solutions. The acquisition adds 140 staff in Boston, Bangalore, London, Hong Kong, Singapore, Tokyo and Bangkok. SS&C expects that, for the remainder of 2012, the PORTIA acquisition will increase SS&C's revenue by $24.5 to $25.5 million and that the Adjusted Consolidated EBITDA attributable to PORTIA will be 44 percent to 46 percent of its revenues.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.sibos.comvisit www.vasco.com

Top topics

Most viewed Most shared
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
11711 views comments | 16 tweets | 30 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
9262 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8687 views comments | 34 tweets | 46 linkedin
hands typing furiouslyBlockchain is a new way of thinking?
7357 views 2 | 10 tweets | 1 linkedin

Featured job

Find your next job