SS&C Plans To Buy Eze Software for $1.45B

SS&C Technology Holdings Inc. Tuesday said it plans to buy Eze Software in a $1.45 billion deal to add the company’s award-winning suite of investment products.

The deal is being funded by a combination of available cash and financing, according to a press release. It is expected to close in the fourth quarter, pending regulatory approvals.

’Our clients are focused on reinventing their organizations," Bill Stone, chairman and CEO of SS&C Technologies, said in a statement. "The addition of Eze Software aligns with our strategy to transform today's investment operations.’

Eze Investment Suite delivers a seamless investment management experience to buy-side professionals in one cohesive, integrated platform by synchronizing data throughout the trade life cycle, the company said in a statement. The born-in-the-cloud Eze Eclipse platform reimagines the entire investment operation in a single solution through a secure web browser interface.

Eze was acquired by TPG Capital in 2013 from ConvergEx Group. The transaction brought together the power of Eze OMS, RealTick EMS and Tradar.

’Joining forces with SS&C accelerates our vision for an open, seamless and fluid investment ecosystem by combining the power of our leading software, administration and outsourcing services,’ said Jeffrey Shoreman, Eze Software’s president anad CEO.

In July, SS&C completed the $5.4 billion takeover of health-care solution provider DST Systems. Windsor, Conn-based SS&C is No. 29 on the 2018 CRN Solution Provider 500, moving up four spots from its place last year.