SS&C Acquires Primatics Financial

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Go back to SS&C Acquires Primatics Financial

SS&C Technologies (SSNC) Acquires Primatics Financial in $122M Deal (CG)

September 14, 2015 9:11 AM EDT

SS&C Technologies (NASDAQ: SSNC) announced the acquisition of Primatics Financial for approximately $122 million on a cash and debt free basis from The Carlyle Group (Nasdaq: CG). The acquisition is expected to close in the fourth quarter of 2015. Primatics has 384 employees, 2014 annual revenues of $51 million and adjusted EBITDA of $12 million.

Headquartered in McLean, Virginia, Primatics is a leader in accounting, forecasting, regulatory reporting, reserving and stress testing solutions to financial institutions holding or acquiring loans. The Primatics EVOLV platform is a cloud-based,... More