{"id":29770,"date":"2012-06-28T00:00:28","date_gmt":"2012-06-28T04:00:28","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=29770"},"modified":"2012-06-28T00:35:00","modified_gmt":"2012-06-28T04:35:00","slug":"ssc-technologies-buys-hedge-fund-risk-company-for-890-million","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2012\/ssc-technologies-buys-hedge-fund-risk-company-for-890-million.html","title":{"rendered":"US Tech Buys UK Hedge Fund Company For $890 Million"},"content":{"rendered":"

\"\"<\/a>New York (HedgeCo.net) – \u00a0SS&C Technologies Holdings, Inc., today announced the acquisition of hedge fund risk-reporting giant GlobeOp Financial Services S.A. (GlobeOp), for \u00a34.85 ($7.54) per share, approximately \u00a3572 million ($890 million).<\/p>\n

The acquisition is, by value, the largest in SS&C\u2019s history and significant for the fund services industry. The combined companies, including the PORTIA business acquired by SS&C from Thomson Reuters in May 2012, had revenues of $635 million in fiscal year 2011 and 3,600 employees operating in 43 offices including New York, Boston, Chicago, London, Amsterdam, Hong Kong, Kuala Lumpur, Singapore, Sydney, Bangalore and Mumbai.<\/p>\n

“This is an exciting day for SS&C and GlobeOp and for the clients we serve,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “We have already begun our integration and are coordinating on sales and marketing and we have significant synergies. Together, we are a global leader, with the capability to serve our clients – whatever their size, location or sector – with one of the most comprehensive and competitive technology and services portfolios in the investment management industry.”<\/p>\n

SS&C\u2019s offer for GlobeOp has now closed with the holders of 99.95% of the outstanding shares having accepted the offer. SS&C has initiated a \u201csqueeze-out\u201d procedure under Luxembourg law, pursuant to which it will acquire, on the same terms as the offer, all of the remaining shares of GlobeOp on July 9, 2012.<\/p>\n

Alex Akesson
\nEditor for HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a> is a premier hedge fund database<\/a> and community for qualified and accredited investors only. Membership in HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.net) – \u00a0SS&C Technologies Holdings, Inc., today announced the acquisition of hedge fund risk-reporting giant GlobeOp Financial Services S.A. (GlobeOp), for \u00a34.85 ($7.54) per share, approximately \u00a3572 million ($890 million). The acquisition is, by value, the largest in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,3],"tags":[],"class_list":["post-29770","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=29770"}],"version-history":[{"count":8,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29770\/revisions"}],"predecessor-version":[{"id":29795,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29770\/revisions\/29795"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=29770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=29770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=29770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}