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In The News

The principals of M&A are quoted regularly and frequently in publications ranging from Business Week and Forbes to the Wall Street Journal, the New York Times, New York Post, Los Angeles Times, and other major publications worldwide. M&A has been the subject of interviews on business-radio and television programs including the Fox Business News, CBS MarketWatch, The Street.com TV, Yahoo! Finance TV, Sirius XM Radio, BBC-Worldwide and CNBC. Below are links to a sample of articles in which M&A has been quoted:

SS&C Technologies planning to make acquisitions, CEO and CFO say

March 2006

SS&C Technologies planning to make acquisitions, CEO and CFO say

March 9th 2006

SS&C Technologies, an affiliate of PE firm Carlyle Group, plans to make acquisitions, according to CEO Bill Stone and CFO Patrick Pedonti.

The privately-held, Connecticut-based provider of investment and financial management software acquired Cogent Management on March 6th for USD 12.25m. New Rochelle, New York-based Cogent Management provides hedge fund management services.
CEO Bill Stone said they plan to make acquisitions in financial technology. In a separate interview, CFO Patrick Pedonte said that their interest is in financial services software. Pedonte also said that they tend to acquire private companies.
Stone could not comment on possible targets.

According to Michael Maxworthy, a partner with M&A advisory service Marlin & Associates, areas where SS&C could bulk up include portfolio management accounting and trade order management. With Carlyle, the company has deeper pockets for M&A, Maxworthy explained. Traditionally, the company has looked for accretive acquisitions of less than USD 50m, he said.

An analyst who followed SS&C before it was taken private said future acquisitions would not deviate from the company's most recent deals which cater to hedge funds and mutual funds, particularly in compliance and relationship management software.
Companies in the financial software development space are Washington-based, computer financial software developer Captools Co, Inc.; Connecticut-based, commodity trading and risk management software provider Triple Point Technology; Texas-based, portfolio management accounting/financial software developer TPG Software; and Massachusetts-based, investment and trade order management software developer Eze Castle Software. The aforementioned companies are all private.

In 2004, SS&C Technologies had USD 19m in net income.

by Richard Tekneci, Kevin Nafziger and Courtney Bosh

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