SS&C acquires data platform Intralinks in $1.5bn deal

Financial services software and services provider SS&C Technologies has acquired Intralinks from Siris Capital for a total consideration of $1.5bn.  

This purchase consists of $1bn in cash and then an additional $500m in SS&C stock. The value of the share being based on the volume weighted average trading price 30 trading days prior to close.

SS&C funded the acquisitions through around 9.9 million common shares and $1bn in incremental term loan debt. The company is expecting $15m of run-rate costs savings will be achieved by 2021.

Intralinks is a financial technology developer for the global banking, deal making and capital market sectors. Through a ‘virtual data room’ the company is able to support strategic initiatives including mergers and acquisitions, capital raising and investor reporting via improving and securing the flow of information.

Alongside its data solutions, the company provides clients with regulatory risk and compliance reporting tools and auditing services. Through its regulatory risk management service, the company helps to standardise enterprise-wide data sharing, money laundering detection, high-risk financial investigation management, and third-party verification and protection.

Intralinks CEO Leif O’Leary said, “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.

“Together, we are well-positioned to meet the needs of our combined customer base and further expand SS&C’s growing FinTech footprint.”

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. Other regulatory support solutions include regulatory reporting, risk management and compliance automation.

Earlier in the year, SS&C acquired investment technology developer Eze Software from TPG Capital, in a deal worth $1.45bn.

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