A-Team Insight Blogs

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

Share article

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.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Upcoming Webinar: How to capture and manage complete and accurate customer data

Date: 25 September 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. Whether you work on the buy-side or sell-side, the customer is always king. This requires investment banks, asset managers and wealth managers to ensure they have a complete and accurate view of customer data. If you can achieve this, you can take...

BLOG

Apex Group Selects GoldenSource for Centralised Pricing and Reference Data Services

Apex Group, a global fund administrator, has selected GoldenSource to deliver a centralised pricing and reference data service based on the vendor’s enterprise data management (EDM) software-as-a-service (SaaS) solution. The fund administrator delivers a broad range of services to asset managers globally and intends to use GoldenSource’s centralised pricing and reference data service to support...

EVENT

Data Management Summit New York City

Now in its 8th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Entity Data Management Handbook – Fifth Edition

Welcome to the fifth edition of A-Team Group’s Entity Data Management Handbook, sponsored for the fourth year running by entity data specialist Bureau van Dijk, a Moody’s Analytics Company. The past year has seen a crackdown on corporate responsibility for financial crime – with financial firms facing draconian fines for non-compliance and the very real...