M&A Deal Summary

SS&C Technologies Acquires FPS Trust

On February 3, 2025, SS&C Technologies acquired financial services company FPS Trust from IPX Retirement

Acquisition Highlights
  • This is SS&C Technologies’ 7th transaction in the Financial Services sector.
  • This is SS&C Technologies’ 37th transaction in the United States.
  • This is SS&C Technologies’ 1st transaction in Colorado.

M&A Deal Summary

Date 2025-02-03
Target FPS Trust
Sector Financial Services
Buyer(s) SS&C Technologies
Sellers(s) IPX Retirement
Deal Type Divestiture

Target

FPS Trust

Centennial, Colorado, United States
FPS Trust offers high-volume beneficiary distributions, paying agent services, and tax processing solutions to institutional trustees and retirement plan administrators. FPS Trust is based in Centennial, Colorado.

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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 50 of 50
Sector (Financial Services) 7 of 7
Type (Divestiture) 13 of 13
State (Colorado) 1 of 1
Country (United States) 37 of 37
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-12 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.

Buy $670M

Seller(S) 1

SELLER

IPX Retirement

Centennial, Colorado, United States

Category Company
Founded 2013
Sector Financial Services
DESCRIPTION

IPX Retirement serves the retirement planning industry by developing products and services designed to offer clients innovative and efficient ways to streamline processes, cut costs and improve their bottom line. IPX Retirement was founded in 2013 and is based in Centennial, Colorado.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1