A PYMNTS Company

US: SS&C buying wealth management software company DST Systems

By  |  January 14, 2018

On Thursday, January 11, SS&C Technologies Holdings, Inc. released a press release announcing its planned acquisition of DST Systems for US$5.4 billion, including debt.

DST is a global provider of specialized technology, strategic advisory and business operations outsourcing to the financial services and healthcare industries. SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry.

The combined company will have an estimated US$3.9 billion in revenue with 13,000 clients.
The transaction is still subject to shareholder approval as well as standard regulatory approval.

Full Content: SS&C Technologies

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.