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

Subscribe to our newsletter

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.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practices for metadata management

Metadata has become central to financial firms as a means of enriching, discovering and effectively using both business and technical data. Its management is equally important, particularly in capital markets applications such as data lineage and data governance, which require a clear view of data and its provenance, and the ability to scale and support...

BLOG

IPOhub Extends Provision of SME IPO Data Through Partnership with EOSE and TickSmith

Market data specialist EOSE has partnered IPOhub and TickSmith to bring IPOhub data on growth company IPOs to market with the help of TickSmith. EOSE will provide IPOhub with a team of data sales and business development professionals, while TickSmith will organise and distribute the data to end users. Suzanne Lock, EOSE founder and CEO,...

EVENT

TradingTech Summit Virtual (Redirected)

Trading Tech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...