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:

Mark Bertelsen
Melissa Hollatz
Erika Muhl
Michael Garvey

Michael Ringler
Derek Liu

Employee Benefits & Compensation
John Aguirre
Michael Montfort

Intellectual Property
Jamie Clessuras
Rachel Landy
Barath Chari

Ivan Humphreys

Andrea Murino
Jonathan Lutinski

John Mao
Christine Li

For additional information, please see the companies' joint press release.