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May 30, 2023
Finance Technologies

SS&C Technologies acquires Innovest Systems in $120m deal

SS&C Technologies has announced a definitive agreement on the acquisition of wealthtech firm Innovest Systems in a $120 million deal. SS&C has a history of acquisitions Expected to close in Q2 2020, the purchase price of the acquisition is $100 million in cash and $20 million in SS&C stock, with the value of the stock portion based on the trading price between 20 April 2020. The acquisition adds more than 150 full-time employees in New York, Sacramento, California, and Arlington, Texas. Bill Stone, chairman and CEO of SS&C, says that it is his firm’s mission to deliver “must-have technology” to…
SS&C Technologies acquires Innovest Systems in 0m deal

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