U.S. Department of Justice Clears SS&C's Acquisition of Advent
WINDSOR, Conn., June 17, 2015 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that the United States Department of Justice ("DOJ") cleared the pending acquisition of Advent Software, Inc. ("Advent") by SS&C, terminating the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR Act"). The clearance follows the issuance of a Second Request by the DOJ, which occurred on April 23, 2015. Subject to the satisfaction of other closing conditions, SS&C expects the closing of the transaction to occur in the third quarter of 2015.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 7,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets.
Additional information about SS&C (NASDAQ: SSNC) is available at www.ssctech.com.
Additional Information and Where to Find It
In connection with the pending merger, SS&C filed a Current Report on Form 8-K with the Securities and Exchange Commission (the "SEC") on February 2, 2015. Investors are urged to read the Current Report and any other relevant documents filed by SS&C with the SEC when they become available, because they will contain important information about the pending merger. Investors may obtain free copies of documents filed with the SEC by SS&C through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by SS&C will be available free of charge on SS&C's Investor Relations web site at http://investor.ssctech.com or by contacting SS&C's Investor Relations Department by email at [email protected].
Forward Looking Statements
This written communication includes information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the current expectations of the management of SS&C and are subject to uncertainty and changes in circumstances. Forward-looking statements include, without limitation, statements typically containing words such as "will", "expect", "should", "could", "shall" and words of similar import. By their nature, forward looking statements are not guarantees of future performance or results and involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future.
There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by forward-looking statements relating to the Advent acquisition. These factors include, but are not limited to, unanticipated issues associated with the satisfaction of the conditions precedent to the acquisition; issues associated with obtaining necessary regulatory approvals and the terms and conditions of such approvals; the inability to obtain financing and the terms of any financing. Additional factors that could cause actual results and developments to differ materially include, among others, the state of the economy and the financial services industry.
Information on the potential factors that could affect SS&C is also included in its filings with the SEC including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. SS&C undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements only speak as of the date on which they are made.
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SOURCE SS&C Technologies
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