SS&C Adds Yet Another String to its Bow

Blog entry

SS&C has announced its fourth acquisition of the year – the purchase of virtual data room pioneer Intralinks from Siris Capital Group for $1.5 billion. The addition of Intralinks will increase SS&C’s account footprint and add cloud-based virtual data rooms and secure collaboration solutions for its global banking, deal making and capital markets clients.

The acquisition, which is expected to close in the fourth quarter of 2018 and will likely give Siris Capital co-founder Frank Baker a seat on the SS&C board, follows hard on the heels of the company’s $1.45 billion purchase of Boston-based Eze Software announced at the end of July.

In March, the firm swallowed CACEIS North America to boost its North American presence, while in April it acquired DST Systems to expand its presence in the institutional, alternative, wealth management and healthcare segments. In the same month, SS&C backed out of the bidding race for Fidessa after ION Trading made a late offer to gazump initial bidder Temenos.

Bill Stone, chairman and CEO at SS&C Technologies, says: “Intralinks brings a wealth of expertise and a leadership position in the data sharing and collaboration technology space. We share many of the industry’s largest customers and together are well-positioned to meet the needs of major banks, alternative funds and other corporations seeking to automate document-centric, collaborative workflows.”