SS&C acquires Eze Software
08 October 2018 Connecticut
Image: Shutterstock
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.”
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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