SS&C acquires Eze Software 08 October 2018Connecticut Reporter: Jenna Lomax
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SS&C Technologies Holdings, a global provider of financial services software and software-enabled services, has acquired Eze Software, a global provider of investment management solutions.
Under the terms of the agreement, as first announced on 31 July 2018, SS&C purchased Eze Software in an all-cash transaction of $1.45 billion.
As a result of the acquisition, SS&C adds 1,050 employees in 15 offices and more than 2,500 clients across five continents.
Eze Software serves asset managers, including a mix of hedge fund, long-only asset manager, multi-manager and asset owner clients.
Bill Stone, Chairman and CEO of SS&C Technologies, said: “We are pleased to welcome Eze clients and employees. The addition of Eze aligns with SS&C's innovation strategy to transform investment operations. SS&C gives Eze the global scale and services infrastructure to accelerate its already impressive momentum.”
Jeff Shoreman, CEO and president of Eze Software, said: “With the combined power of our complementary offerings, a strong commitment to customer service and SS&C’s leadership in the alternatives space, we are confident that together we can deliver even better technology and service.”
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