SS&C Technolgies to buy cloud-based fintech Intralinks for $1.5bn

SS&C Technologies has agreed to acquire Intralinks from private equity firm Siris Capital for $1.5 billion in a mix of cash and stock. The acquisition “increases key account footprint and adds cloud-based virtual data rooms and secure collaboration solutions for SS&C’s banking and alternatives clients,” SS&C said in a statement.

Intralinks is a financial technology provider that uses cloud-based virtual data rooms for global banking, deal-making and capital markets. VDRs are essentially information repositories for storing and sharing documents. The purchase price will consist of $1 billion in cash and $500 million in SS&C stock, with the cash secured from Deutsche Bank, Citigroup, RBC Capital Markets and Credit Suisse. The transaction is expected to close in the fourth quarter of 2018.

Read the full release

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