November 20, 2018

Windsor’s SS&C completes $1.5B acquisition of data-sharing platform

HBJ file photo
HBJ file photo
SS&C CEO and Chairman Bill Stone.

Windsor fintech SS&C Technologies Holdings Inc. says it has completed its $1.5 billion acquisition of a global banking data-sharing platform.

SS&C in September agreed to pay $1 billion in cash and $500 million in stock to acquire fintech provider Intralinks Holdings Inc. from private equity owner Siris Capital Group LLC.

The New York fintech facilitates mergers and acquisitions, capital raising and investor reporting through its data-sharing platforms for private equity and hedge fund professionals.

With the purchase, SS&C now has more than 800 employees globally and over 4,000 clients. The two fintechs already share many of the industry's large customers, said SS&C CEO and Chairman Bill Stone.

Intralinks notched total revenues of $303 million last year.

SS&C has been busy in 2018, spending billions of dollars on a number of acquisitions.

The Windsor company in August announced it agreed to acquire Eze Software, a Boston-based investment software provider, for $1.4 billion.

SS&C completed its $5.4 billion purchase of Missouri-based financial services and healthcare technology firm DST in June.

And in March, the company said it purchased CACEIS North America, the fund administration business of CACEIS based in Toronto and New York.

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