The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SS&C Proposes Acquisition of Australian Financial Technology Provider GBST Holdings

SS&C is back on the acquisition trail, this time announcing a non-binding indicative proposal to acquire Australian financial technology firm GBST Holdings for approximately A$221 million (equivalent to about US$155 million). While the company made four successful acquisitions in 2018, this one may not complete as it is reported that FNZ, a wealth management specialist founded in New Zealand in 2004 and now with a global presence, is in the running. Australian fund administrator Bravura Solutions also made an offer for GBST recently, but subsequently pulled out.

SS&C states that it has also entered into ‘certain exclusivity arrangements’ with GBST. It notes: “No assurances can be given as to the transaction between SS&C and GBST being consummated or the terms of such transaction.”

GBST is an Australia-based provider of financial technology, including its Syn suite of business process automation offerings, Composer and Catalyst wealth administration technologies, and Emu technologies for financial institutions, retail brokers and institutional brokers. Some of its named customers include citigroup, Deutsche Bank, HSBC, ITG, J.P. Morgan and Raymond James.

In 2018, SS&C made four acquisitions, paying $5.4 billion for DST Systems, a software provider to institutional, alternative and wealth management markets; $1.5 billion for Intralinks, a provider of financial technology for global banking, deal making and capital markets; $1.45 billion for Eze Software, a provider of investment management solutions; and an undisclosed sum for CACEIS North America, the fund administration business of CACEIS.

Related content

WEBINAR

Recorded Webinar: Leveraging data lineage to deliver tangible business benefits

Data lineage is central to data quality, accuracy and access. It is also essential to understanding your data and data flows, systems from simple applications to multiple business intelligence solutions, and how people in your organisation are using data. Implemented across the enterprise, data lineage can provide significant business benefits, including new business opportunities, better...

BLOG

How to Make the Most of Migrating Big Data and Analytics to Cloud

Migrating big data and analytics workflows to the cloud promises significant cost savings through efficient use of infrastructure resources and software that scales dynamically based on data volume, query load, or both. These are valuable gains for investment banks, but they can only be fully realised by taking a new approach to architecture and software...

EVENT

RegTech Summit London

Now in its 5th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...