Sat, Jan 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SS&C acquires GlobeOp

Thursday, June 28, 2012

Bailey McCann, Opalesque New York: SS&C Technologies Holdings, Inc. a global provider of financial services software and software-enabled services, has announced its acquisition of GlobeOp Financial Services S.A. (GlobeOp). GlobeOp provides middle and back office services and integrated risk-reporting to hedge funds, asset management firms and other sectors of the financial industry. middle and back office services and integrated risk-reporting to hedge funds, asset management firms and other sectors of the financial industry.

The combined companies, including Portia business acquired by SS&C from Thomson Reuters in May 2012, had revenues of $635m in fiscal year 2011. The combined entity services more than 6,700 funds with $424bn in assets under administration. Both SS&C and GlobeOp will benefit from synergies across 80+ products and services.

The company has revised its yearly outlook to be more positive following the acqusition, according to a NASDAQ report on the matter. For full year 2012, the company anticipates adjusted net income to be in the range of $113m to $118m and revenues to be between $558.5m and $571m.

"We have already begun our integration and are coordinating on sales and marketing and we have significant synergies," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies in a statement. &q......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would