SS&C Buying Spree Continues With $1.5 Billion Deal For Intralinks

SS&C Technologies Holdings unveiled a deal to buy Intralinks Holdings for $1.5 billion in cash and stock, increasing its power as a solution provider to the financial vertical, the company said Thursday.

"Intralinks brings a wealth of expertise and a leadership position in the data sharing and collaboration technology space," said Bill Stone, chairman and CEO of SS&C Technologies, in a statement. "Intralinks and SS&C share many of the industry's largest customers and together we are well-positioned to meet the needs of major banks, alternative funds and other corporations seeking to automate document-centric, collaborative workflows."

[Related: After EZE Software Acquitions, SS&C Shuffles Exec Team]

Intralinks enjoyed 9 percent growth on 12-month revenue of $325 million as of June 30, 2018. The company bills itself as a leading financial technology provider for the global banking, deal-making and capital markets communities. The company facilitates strategic initiatives including mergers and acquisitions, capital raising and investor reporting by enabling and securing the flow of information, according to a statement released by SS&C.

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The acquisition is SS&C’s third this year.

In July, SS&C said it had reached an agreement to buy Eze Software in a $1.45 billion deal to add the company’s suite of investment products. Eze Investment Suite delivers a seamless investment management experience to buy-side professionals in one cohesive, integrated platform by synchronizing data throughout the trade life cycle, according to the company.

Also in July, Windsor, Conn.-based SS&C -- No. 29 on the 2018 CRN Solution Provider 500 -- completed the $5.4 billion takeover of health-care solution provider DST Systems.

SS&C and Intralinks did not immediately reply to requests for comment.

Intralinks is owned by affiliates of Siris Capital Group. SS&C said the purchase price will consist of approximately $ 1 billion in cash, as well as $500 million in SS&C stock. To finance the purchase, SS&C received a loan from Deutsche Bank, Citigroup, RBC Capital Markets and Credit Suisse. Evercore and RBC Capital Markets are acting as financial advisers to the seller and Intralinks.

Upon the close of the deal, Siris co-founder and Managing Partner Frank Baker will join the SS&C board of directors. The deal is expected to close in the fourth quarter, subject to regulatory approval.

“My colleagues at Siris and I recognize the tremendous work the Intralinks team has done to deliver on its strategic vision and generate profitable growth under our ownership,” Baker said in a statement. “We believe that the combination of Intralinks and SS&C will benefit customers, employees, partners and investors.”