25 April 2015

SS&C closes Thomson Reuters Portia acquisition

10 May 2012  |  1783 views  |  0 Source: SS&C Technologies Holdings

SS&C Technologies Holdings (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced the completion of its acquisition of the assets of Thomson Reuters' Portia business, including an industry leading middle-to-back office investment operations platform, pursuant to the terms of its definitive asset purchase agreement with Thomson Reuters.

The asset purchase agreement was previously announced on February 29, 2012.

SS&C's acquisition of the PORTIA business adds a comprehensive platform of middle-to-back office capabilities allowing investment managers to track and manage day-to-day portfolio activity. PORTIA will complement SS&C's existing solutions. The acquisition adds 140 staff in Boston, Bangalore, London, Hong Kong, Singapore, Tokyo and Bangkok. SS&C expects that, for the remainder of 2012, the PORTIA acquisition will increase SS&C's revenue by $24.5 to $25.5 million and that the Adjusted Consolidated EBITDA attributable to PORTIA will be 44 percent to 46 percent of its revenues.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
PayPal exec wants to replace passwords wit...
8339 views comments | 44 tweets | 21 linkedin
RBS and NatWest customers go into meltdown...
7110 views comments | 13 tweets | 10 linkedin
Banks on the brink as customer experience...
6484 views comments | 41 tweets | 30 linkedin
£12.8 billion to be sent through digi...
5513 views comments | 39 tweets | 16 linkedin
Finextra Future Money Day 1 - Live blog
5035 views comments | 7 tweets | 5 linkedin

Featured job

up to c.£100K base (d.o.e), commission, benefits
London, UK

Find your next job