DST Systems Acquires Clark & Tilley Competitor--Australia-Based Hiportfolio
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Kansas City-based DST Systems Inc. has acquired Australia-based Hiportfolio Pty Ltd., a competitor of DST's subsidiary, asset management software vendor DST Clark & Tilley. DST is planning to merge Hiportfolio with London-based Clark & Tilley, under the name DST International. DST International will be headquartered in London. News of the purchase has emerged as DST Systems plans an initial public offering for this year (IMT, Feb. 17).
Hiportfolio supports the Hiportfolio line of asset management
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