SS&C Completes Acquisition of Eze Software

WINDSOR, CT, October 1, 2018 (PR NEWSWIRE) – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that it has completed the acquisition of Eze Software, a leading global provider of investment management solutions.

Eze Software serves asset managers, including a mix of hedge fund, long-only asset manager, multi-manager and asset owner clients. As a result of the acquisition, SS&C adds 1,050 employees in 15 offices and more than 2,500 clients across five continents.

“We are pleased to welcome Eze clients and employees,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “The addition of Eze aligns with SS&C's innovation strategy to transform investment operations. SS&C gives Eze the global scale and services infrastructure to accelerate its already impressive momentum.”

“With the combined power of our complementary offerings, a strong commitment to customer service and SS&C’s leadership in the alternatives space, we are confident that together we can deliver even better technology and service,” said Jeff Shoreman, CEO and President of Eze Software.

Under the terms of the agreement, as announced on July 31, 2018, SS&C purchased Eze Software in an all-cash transaction of $1.45 billion. In 2017, Eze Software had total revenues of $280 million and Adjusted EBITDA of $105 million. As previously announced, SS&C expects $30 million of run-rate costs savings, achieved by 2021. SS&C funded the acquisition with a combination of cash and $875 million in incremental term loan debt. The transaction is expected to be immediately accretive to adjusted earnings per share.

About Eze Software