M&A Deal Summary

SS&C Technologies Acquires Eze Software

On July 31, 2018, SS&C Technologies acquired software company Eze Software from TPG for 1.5B USD

Acquisition Highlights
  • This is SS&C Technologies’ 12th transaction in the Software sector.
  • This is SS&C Technologies’ 5th largest (disclosed) transaction.
  • This is SS&C Technologies’ 28th transaction in the United States.
  • This is SS&C Technologies’ 7th transaction in Massachusetts.

M&A Deal Summary
Date 2018-07-31
Target Eze Software
Sector Software
Buyer(s) SS&C Technologies
Sellers(s) TPG
Deal Type Add-on Acquisition
Deal Value 1.5B USD
Advisor(s) Morgan Stanley (Financial)
Ropes & Gray (Legal)

Target

Eze Software

Boston, Massachusetts, United States
Eze Castle Software LLC is a provider of investment management software solutions designed to optimize operational and investment alpha throughout the entire investment process. Eze Software provides the platform for growth for the entire investment management community, maximizing efficiencies across order management, trade execution & analytics, portfolio analytics & modeling, compliance & regulatory reporting, commission management, and portfolio & investor accounting. Eze Castle Software was formed in 1995 and is based in Boston, Massachusetts.

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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 33 of 49
Sector (Software) 12 of 12
Type (Add-on Acquisition) 26 of 37
State (Massachusetts) 7 of 8
Country (United States) 28 of 36
Year (2018) 3 of 4
Size (of disclosed) 5 of 16
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 IntraLinks Holdings

New York City, New York, United States

IntraLinks Holdings, Inc. is a global content collaboration company that provides cloud-based solutions to control the sharing, distribution and management of high value content within and across organizations according to the highest-level of security and the most stringent compliance regulations. Over 90,000 clients, 99% of the Fortune 1000 companies, have depended on Intralinks to digitally transform and simplify critical business processes, and secure high-value information. With a 20-year track record of enabling high-stakes transactions and business collaborations valued at more than $31.3 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration technology.

Buy $1.5B

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 184 of 267
Sector (Software) 11 of 18
Type (Add-on Acquisition) 67 of 94
State (Massachusetts) 5 of 6
Country (United States) 131 of 193
Year (2018) 16 of 23
Size (of disclosed) 33 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 DreamBox Learning

Bellevue, Washington, United States

DreamBox Learning provides a deeply personalized learning experience that guides and engages students at all levels with a combination of a rigorous K-8 math curriculum and a motivating learning environment that work seamlessly with pioneering Intelligent Adaptive technology. DreamBox Learning was founded in 2006 and is based in Bellevue, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-07 Sonatype

Fulton, Maryland, United States

Sonatype is a provider of DevOps-native tools to automate modern software supply chains. Sonatype’s Nexus platform combines in-depth component intelligence with real-time remediation guidance to automate and scale open source governance across every stage of the modern DevOps pipeline. Sonatype was founded in 2008 and is based in Fulton, Maryland.

Buy -
Mergr

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Company

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