SS&C Technologies has acquired Intralinks, a data provider for global banking, deal making and capital markets, in a $1.5bn deal.
The deal, which sees Siris Capital sell its stake in the company, consists of $1bn in cash and $500m in SS&C stock. Siris co-founder and managing partner Frank Baker is expected to join SS&C’s board of directors.
This transaction comes just weeks after SS&C completed the $1.45bn acquisition of investment technology developer Eze Software from TPG Capital.
Intralinks is a global banking, deal making and capital markets data technology developer. The company helps to support strategic initiatives such as mergers and acquisitions, capital raising, and investor reporting by improving the flow of information.
Its data services help to improve due diligence, aid fundraising, and onboard clients, and investor communications.
Last year, Intralinks had a total revenue of $303m and an adjusted EBITDA of $115m.
SS&C Technologies chairman and CEO Bill Stone said, “Intralinks brings a wealth of expertise and a leadership position in the data sharing and collaboration technology space.
“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.”
SS&C develops investment and financial software-enabled services and software for financial services and healthcare firms. Products created by SS&C have been used across the alternative investments, asset management, wealth management, banking, lending, insurance, accounting and property management industries.
It’s asset management solutions can help an investor cover their entire investment and portfolio management tasks, as well as improving operations, lowering risk and boosting compliance.
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