SS&C acquires DST Global for $95 million in cash
02 December 2014 | 3736 views | 0
Connecticut-based SS&C Technologies Holdings, has acquired DST Global Solutions for $95 million in cash, providing a platform for growth in Emea and Asia Pacific.
DST Global’s products now owned by SS&C include the investment and fund accounting platform, HiPortfolio, and investment data management and analytics platform, Anova.
With more than 155 customers worldwide the DST Global products complement SS&C’s existing portfolio of technology capabilities and service offerings.
DST Global has 390 employees operating in 12 offices including London, Melbourne, Bangkok, Hong Kong, Shanghai and Boston. As much as 90% of the company's business is generated in Emea and Asia Pacific
"We view Emea and Asia Pacific as strategic geographies and this acquisition provides the talent, technology and client base to accelerate growth," says Bill Stone, chairman and chief executive officer, SS&C Technologies. “This $95 million dollar investment will take integration and development but we are excited about the opportunity."