UPDATED: SS&C to Buy Advent Software in $2.7 Billion Deal
Major buy-side vendors agree acquisition deal is 'defining moment' for the space
The deal increases SS&C’s business and geographical diversification, including Advent's 4,300 customers of asset managers, hedge funds, fund administrators, prime brokers, family offices and wealth management advisory firms. In addition to scale, Advent also adds a stable and attractive revenue base, as demonstrated by its 90 percent recurring revenue rates over the last five years.
SS&C chairman and CEO Bill Stone tells Buy-Side Technology the deal began coming together last year after high
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
LSE gets Pisces OK, CFTC adopts Nasdaq tech, HFT startup gets funding, and more
The Waters Cooler: Tradeweb makes uncleared derivatives history, BNP Paribas nixes outsourced trading desk, and Taco Bell dumps its AI in this week’s news roundup.
Waters Wavelength Ep. 329: LLMs and the dead internet theory
This week, Reb and Tony talk about the internet and the problems compounded by AI.
The great disappearing internet—and what it could mean for your LLM
AI-generated content, bots, disinfo, ads, and censorship are killing the internet. As more of life continues to happen online, we might consider whether we’re building castles atop a rotting foundation.
Speakerbus goes bust, Broadridge buys Signal, banks mandate cyber training, and more
The Waters Cooler: The Federal Reserve is reserved on GenAI, FloQast partners with Deloitte Australia, UBS invests in Domino Data Lab, and more in this week’s roundup.
Waters Wavelength Ep. 328: FundGuard’s Lior Yogev
He joins the podcast to discuss legacy tech stacks at asset management firms.
One in four Fed staff could benefit from GenAI, study finds
New technology could reshape US regulator’s operations—but only with top-down push.
Northern Trust Asset Management enlists network theory to construct alpha signals
The $1.3 trillion asset manager will publish a paper later this year detailing how measuring network effects helps it better understand persistent drivers in trends.
‘AI for everyone, everywhere, with everything’
Waters Wrap: Anthony looks at some interesting projects involving machine learning, generative AI, and agentic AI from the last year.
