About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

SS&C Technologies Acquires Evare to Increase its Data Management Offering

Subscribe to our newsletter

Software and outsourcing solution vendor SS&C Technologies has acquired the assets of Evare, a provider for financial data acquisition, transformation and delivery solutions. Terms of the acquisition were not disclosed but SS&C has indicated that it believes the acquisition will enhance its offering in the areas of reconciliations, post-trade communication, securities data and portfolio management.

SS&C’s offering is focused on middle and back office institutional outsourcing and hedge fund administration and Evare’s portfolio of products will be added to this, including Recon, SSCNet and SVC. Bill Stone, chairman and CEO of SS&C Technologies, explains that the move is part of the vendor’s drive to improve its data management capabilities.

“We are poised to make major improvements in our data gathering and data transformation business, and Evare provides excellent technology and a strong workforce,” says Stone. The vendor brings to the table around 40 staff and more than 50 clients to add to SS&C’s user base.

Joseph Souza, chief operating officer of Evare, thinks SS&C is a good fit for its offering due to its focus on “data transformation”. He adds: “Our customers will clearly benefit from this combination of the two businesses as we are in a position to provide enhanced scalability and coverage.”

This acquisition is indicative of the wider trend within the data management vendor community towards mergers, purchases and partnerships that are springing up in order to strengthen these market participants’ capabilities in such a tough economic climate.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Strategies, tools and techniques to extract value from unstructured data

Unstructured data is voluminous, unwieldy and difficult to store and manage. For capital markets participants, it is also key to generating business insight, making better-informed decisions and delivering both internal and external value. Solving this dichotomy can be a challenge, but there are solutions designed to help financial institutions digest, manage and make best use...

BLOG

A-Team Group Names Winners of its Data Management Insight Awards – USA 2024

The waiting in over! A-Team Group has announced the winners of its Data Management Insight Awards – USA 2024. The awards, which acknowledge leading data management solutions, services and consultancy to capital markets participants across the USA, were presented by Andrew Delaney, president and chief content officer at A-Team Group. The winners were named at...

EVENT

TradingTech Summit MENA

The inaugural TradingTech Summit MENA takes place in November and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions in the region.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...