M&A Deal Summary

SS&C Technologies Acquires Battea-Class Action Services

On September 12, 2024, SS&C Technologies acquired business services company Battea-Class Action Services for 670M USD

Acquisition Highlights
  • This is SS&C Technologies’ 14th transaction in the Business Services sector.
  • This is SS&C Technologies’ 6th largest (disclosed) transaction.
  • This is SS&C Technologies’ 36th transaction in the United States.
  • This is SS&C Technologies’ 2nd transaction in Connecticut.

M&A Deal Summary
Date 2024-09-12
Target Battea-Class Action Services
Sector Business Services
Buyer(s) SS&C Technologies
Deal Type Add-on Acquisition
Deal Value 670M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Sidley (Legal)

Target

Battea-Class Action Services

Stamford, Connecticut, United States
Battea-Class Action Services is a provider of securities class action claims management and settlement recovery services. Battea-Class Action Services is based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

SS&C Technologies

Windsor, Connecticut, United States
Category Company
Founded 1986
Sector Software
Employees26,600
Revenue 5.5B USD (2023)
DESCRIPTION

SS&C Technologies is a software provider to the global financial services industry with a broad range of highly specialized software, software enabled-services and software as a service (SaaS) solutions for information management, analysis, trading, accounting, reporting and compliance. SS&C Technologies was founded in 1986 and is based in Windsor, Connecticut.

DEAL STATS #
Overall 49 of 49
Sector (Business Services) 14 of 14
Type (Add-on Acquisition) 37 of 37
State (Connecticut) 2 of 2
Country (United States) 36 of 36
Year (2024) 1 of 1
Size (of disclosed) 6 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-20 Iress - Managed Funds Administration Business

Melbourne, Australia

Iress' Managed Funds Administration Business is a third-party fund registries, with around AUD900 billion in managed assets across over 1,400 funds, four custodians and 69 fund managers. Iress' Managed Funds Administration Business is based in Melbourne, Australia.

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Product

Company

Legal