Divestiture • Financial Services

SS&C Technologies Acquires FPS Trust

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date February 3, 2025
Target FPS Trust
Sector Financial Services
Buyer(s) SS&C Technologies
Sellers(s) IPX Retirement
Deal Type Divestiture

Target Company

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 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 50 of 52
Sector: Financial Services 7 of 9
Type: Divestiture 13 of 13
State: Colorado 1 of 1
Country: United States 37 of 37
Year: 2025 1 of 3
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-21 Calastone

London, United Kingdom

Calastone is a global funds network, that connects the world’s major financial organizations. Calastone's mission is to help the asset management industry transform by creating innovative new ways to automate and digitalize the global investment funds marketplace, reducing frictional costs, and lowering the operational risk to the benefit of all. Calastone was formed in 2007 and is based in London, England.

Buy £766M

Seller Profile 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 Context for Seller #
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