Add-on Acquisition • Software

SS&C Technologies Acquires Primatics Financial

On November 14, 2015, SS&C Technologies acquired software company Primatics Financial from The Carlyle Group for 122M USD

Acquisition Context
  • This is SS&C Technologies’ 10th transaction in the Software sector.
  • This is SS&C Technologies’ 12th largest (disclosed) transaction.
  • This is SS&C Technologies’ 20th transaction in the United States.
  • This is SS&C Technologies’ 1st transaction in Virginia.

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M&A Deal Summary

Date November 14, 2015
Target Primatics Financial
Sector Software
Buyer(s) SS&C Technologies
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 122M USD

Target Company

Primatics Financial

McLean, Virginia, United States
Primatics Financial LLC is a software company. It provides integrated solutions for complex business problems in the financial services industry.
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Buyer Overview 1

Buyer

SS&C Technologies

Windsor, Connecticut, United States

Category Company
Founded 1986
Sector Software
Employees26,800
Revenue 5.9B USD (2024)
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 Context for Buyer #
Overall 24 of 52
Sector: Software 10 of 12
Type: Add-on Acquisition 20 of 39
State: Virginia 1 of 1
Country: United States 20 of 37
Year: 2015 3 of 3
Size (of disclosed) 12 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-02 Varden Technologies

Boston, Massachusetts, United States

Varden Technologies, Inc. is a provider of software communication solutions for investment firms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-11 Citi - Alternative Investor Services Business

United States

Citi - Alternative Investor Services Business is a provider of hedge fund and private equity fund administration services.

Buy $321M

Seller Profile 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


Deal Context for Seller #
Overall 285 of 490
Sector: Software 20 of 35
Type: Add-on Acquisition 124 of 203
State: Virginia 14 of 19
Country: United States 173 of 261
Year: 2015 18 of 24
Size (of disclosed) 107 of 138
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-09 Tempo

Barueri, Brazil

Tempo is an independent provider of auto, home and personal assistance services to the insurance, automaker and affinity segments. Tempo was formed in 1994 and is based in Barueri, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-20 Bottle Rock Power

Cobb, California, United States

Bottle Rock Power LLC asset is a 55 megawatt geothermal power station. The facility sells 100% of its power to Pacific Gas & Electric under a long-term power purchase agreement. Bottle Rock Power was formed in 1999 and is based in Cobb, California.

Sell -