SS&C To Purchase Financial, Health-Care Solution Provider DST Systems For $5.4 Billion
SS&C Technology, a leading solution provider to financial services companies, struck a deal this week to buy Kansas City-based DST Systems in a deal worth $5.4 billion.
SS&C, based in Windsor, Conn., and No. 33 on the 2017 CRN Solution Provider 500, specializes in investment management applications and services. Acquiring DST will boost SS&C's financial software prowess and gives it an entry into the market for health-care software through DST's trio of health-care-focused applications.
The combination of the two companies will create a $3.9 billion channel powerhouse with more than 13,000 clients. The companies expect to complete the acquisition in the third quarter of 2018.