{"id":45234,"date":"2014-12-02T07:47:55","date_gmt":"2014-12-02T12:47:55","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=45234"},"modified":"2014-12-02T07:59:48","modified_gmt":"2014-12-02T12:59:48","slug":"hedge-fund-tech-company-ssc-aquires-dst-global-solutions","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2014\/hedge-fund-tech-company-ssc-aquires-dst-global-solutions.html","title":{"rendered":"Hedge Fund Tech Company SS&C Aquires DST Global Solutions"},"content":{"rendered":"

\"backstop-collection\"<\/a>New York (HedgeCo.Net) – Hedge fund software giant, SS&C Technologies Holdings, has acquired DST Global Solutions Ltd., a subsidiary of DST Systems, Inc., for $95 million in cash.<\/p>\n

DST Global\u2019s products now owned by SS&C include industry-leading investment and fund accounting platform, HiPortfolio\u00ae, and investment data management and analytics platform, Anova. SS&C financed a $75 million portion of the purchase price by drawing down on its line of credit.<\/p>\n

With more than 155 customers throughout the Americas, EMEA, and Asia-Pacific, the DST Global products complement SS&C\u2019s existing portfolio of technology capabilities and service offerings. The acquisition further solidifies SS&C\u2019s position as the leading global provider of investment management software and outsourcing services.<\/p>\n

DST Global has 390 employees operating in 12 offices including London, Melbourne, Bangkok, Hong Kong, Shanghai and Boston.<\/p>\n

“We view EMEA and Asia Pacific as strategic geographies and this acquisition provides the talent, technology and client base to accelerate growth,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. \u201cDST Global Solutions is a 390 person business with $60 to $65 million in annual revenues, 90% of which comes from EMEA and Asia Pacific. This $95 million dollar investment will take integration and development but we are excited about the opportunity.”<\/p>\n

\u201cDST Global Solutions is a great business with a strong management team and we believe by combining products and services, SS&C will create a powerful differentiator in the marketplace,\u201d said Stephen C. Hooley, Chairman and CEO of DST Systems.<\/p>\n

Editing by Alex Akesson
\nFor\u00a0HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a>\u00a0is a premier\u00a0hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership inHedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – Hedge fund software giant, SS&C Technologies Holdings, has acquired DST Global Solutions Ltd., a subsidiary of DST Systems, Inc., for $95 million in cash. DST Global\u2019s products now owned by SS&C include industry-leading investment and fund […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16043,3],"tags":[],"class_list":["post-45234","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-technology","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/45234","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=45234"}],"version-history":[{"count":5,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/45234\/revisions"}],"predecessor-version":[{"id":45249,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/45234\/revisions\/45249"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=45234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=45234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=45234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}