M&A Deal Summary

SS&C Technologies Acquires DST Systems

On January 11, 2018, SS&C Technologies acquired information technology company DST Systems for 5.4B USD

Acquisition Highlights
  • This is SS&C Technologies’ 5th transaction in the Information Technology sector.
  • This is SS&C Technologies’ largest (disclosed) transaction.
  • This is SS&C Technologies’ 26th transaction in the United States.
  • This is SS&C Technologies’ 1st transaction in Missouri.

M&A Deal Summary
Date 2018-01-11
Target DST Systems
Sector Information Technology
Buyer(s) SS&C Technologies
Deal Type Add-on Acquisition
Deal Value 5.4B USD
Advisor(s) BofA Securities (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

DST Systems

Kansas City, Missouri, United States
DST Systems' corporate headquarters in downtown Kansas City, Missouri.
DST Systems' corporate headquarters in downtown Kansas City, Missouri.
DST Systems, Inc. is a provider of information processing and servicing solutions to companies around the world. DST delivers strategically unified transactions and business processing, data management, and customer communications solutions to the asset management, brokerage, retirement, and healthcare markets. DST Systems was formed in 1968 and is based in Kansas City, Missouri.

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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 31 of 49
Sector (Information Technology) 5 of 10
Type (Add-on Acquisition) 25 of 37
State (Missouri) 1 of 1
Country (United States) 26 of 36
Year (2018) 1 of 4
Size (of disclosed) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 Modestspark

Redmond, Washington, United States

Modestspark LLC is a digital service provider to financial advisors and wealth management firms. Modestspark offers client portal and client experience enrichment tools for portfolio accounting solutions, including Advent Portfolio Exchange® and Axys®.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 CACEIS - North American Fund Administration Business

New York, United States

CACEIS - North American Fund Administration Business is a provider of fund administration services and support for complex investment strategies. The acquisition will add 65 employees, servicing more than $15.8 billion in investment fund assets. CACEIS - North American Fund Administration Business based in Toronto and New York.

Buy -
Mergr

Product

Company

Legal