WINDSOR, Conn., Nov. 16, 2018 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of
financial services software and software-enabled services, today
announced it has completed the acquisition of Intralinks Holdings,
Inc. Intralinks is a leading financial technology provider for the
global banking, deal making and capital markets communities.
Intralinks facilitates strategic initiatives including mergers
and acquisitions, capital raising and investor reporting by
enabling and securing the flow of information. Intralinks also
provides the leading investor communications platform for private
equity and hedge fund professionals with the largest hosted
community of general and limited partners for the alternative
investments industry. Intralinks brings to SS&C over 800
employees globally and more than 4,000 clients including banks,
alternative and blue chip corporate clients.
"We are excited about the technology and expertise that
Intralink's brings to SS&C," said Bill
Stone, Chairman and Chief Executive Officer, SS&C
Technologies. "Intralinks and SS&C share many of the industry's
largest customers and together we are well-positioned to meet the
needs of major banks, alternative funds and other corporations
seeking to automate document-centric, collaborative workflows."
"We are thrilled to be part of SS&C. Intralinks has strived
to build a culture in which our people and their innovations enable
us to become the leading technology provider for global banking,
dealmaking and capital markets communities," said Leif O'Leary, CEO at Intralinks. "Together, we
are well-positioned to meet the needs of our combined customer base
and further expand SS&C's growing FinTech footprint."
Under the terms of the agreement, as announced on September 6, 2018, SS&C purchased Intralinks
for a total consideration of $1.5
billion. The purchase price will consist of $1 billion in cash and $500 million in SS&C stock, with the per
share price of the stock based on the volume weighted average
trading price for 30 trading days prior to closing. SS&C funded
the acquisition with a combination of approximately 9.9 million
common shares and $1.0 billion of
incremental term loan debt. As previously announced, SS&C
expects $15 million of run-rate costs
savings, achieved by 2021. The transaction is expected to be
immediately accretive to adjusted earnings per share.
About SS&C Technologies
SS&C is a global provider of investment and financial
software-enabled services and software for the global financial
services industry. Founded in 1986, SS&C is headquartered in
Windsor, Connecticut and has
offices around the world. Some 13,000 financial services and
healthcare organizations, from the world's largest institutions to
local firms, manage and account for their investments using
SS&C's products and services.
Additional information about SS&C (Nasdaq:SSNC) is available
at www.ssctech.com. Follow SS&C on Twitter, LinkedIn and
Facebook.
About Intralinks
Intralinks is a leading financial technology provider for the
global banking, deal making and capital markets communities. As
pioneers of the virtual data room, Intralinks enables and secures
the flow of information facilitating strategic initiatives such as
mergers and acquisitions, capital raising and investor reporting.
In its 20-year history. Intralinks has earned the trust and
business of more than 99 percent of the Global Fortune 1000 and has
executed over $34.7 trillion worth of
financial transactions on its platform. www.intralinks.com
About Siris Capital Group
Siris Capital is a leading private equity firm focused on making
control investments in data, telecommunications, technology and
technology-enabled business service companies in North
America. Integral to Siris' investment approach is its
partnership with exceptional senior operating executives, or
Executive Partners, who work with Siris to identify, validate and
operate investment opportunities. Their significant
involvement allows Siris to partner with management to add value
both operationally and strategically. To learn more, visit us
at www.siriscapital.com.
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SOURCE SS&C