SS&C To Acquire Advent - Quick Facts

(RTTNews) - SS&C Technologies Holdings Inc. (SSNC), and Advent Software, Inc. (ADVS) announced that the companies have entered into a definitive agreement wherein SS&C will acquire Advent. SS&C will purchase Advent for an enterprise value of approximately $2.7 billion in cash, equating to $44.25 per share plus assumption of debt.

Advent Software, a leading provider of software and services for the global investment management industry, has more than 4,300 customers including asset managers, hedge funds, fund administrators, prime brokers, family offices and wealth management advisory firms, located across more than 50 countries worldwide. Headquartered in San Francisco, California, with more than 1,200 employees worldwide, Advent generated revenues of $397 million for the 12 months ended December 31, 2014.

Given the highly complementary nature of the acquisition, the specific cost synergies and the significant cash flow available for deleveraging, SS&C expects to deliver fiscal 2016 EPS of between $3.05 to $3.15.