SS&C Technologies to Acquire Advent Software for $2.7 Billion
On February 2, 2015, SS&C Technologies Holdings, Inc., a leading global provider of financial services software and software-enabled services, and Advent Software, Inc., a leading provider of software and services for the global investment management industry, announced that they have entered an agreement under which SS&C will acquire Advent for approximately $2.7 billion in cash. Wilson Sonsini Goodrich & Rosati is advising Advent in the transaction.
Both SS&C and Advent's board of directors have unanimously approved the deal, which is expected to close in the second quarter of this year, subject to Advent stockholder approval, clearances by the relevant regulatory authorities, and other customary closing conditions.
The WSGR team advising Advent includes the following:
Employee Benefits & Compensation
For additional information, please see the companies' joint press release.