CLARKE+TILLEY Ltd., the London-based software developer, has acquired a majority stake in Belvedere Financial Systems Inc., creating a new vendor dubbed DST Belvedere Inc. The deal comes in the wake of DST Systems Inc.'s acquisition last month of Clarke+Tilley.
The merger was triggered, at least in part, by expected customer demand for Belvedere's new Global Portfolio System (GPS). Among others, sources say New York-based investment firm Scudder, Stevens & Clark is likely to buy the product.
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails