SS&C Buys Portia from Thomson Reuters

Christy Bremner, Thomson Reuters

SS&C Technologies Holdings, a Windsor, Conn.-based provider of financial services software and software-enabled services, has agreed to acquire Thomson Reuters' Portia business, a middle-to-back-office investment operations platform, for $170 million. Portia allows investment managers to track and manage the day-to-day activity in their portfolios.

The transaction is scheduled to close in the second quarter of 2012, subject to regulatory approval and satisfaction of customary closing conditions

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