DST Sells Software Subsidiary
Dec 02, 2014
Kansas City-based DST Systems Inc. has sold DST Global Solutions, an investment management software subsidiary, to SS&C Technologies Holdings Inc. DST Global Solutions employs 390 people in 12 offices, including Bangkok, Hong Kong, Shanghai, Melbourne and Boston. The subsidiary generated revenues of about $70 million in 2013, and about $50 million for the first nine months of 2014.
SS&C is based in Connecticut. The company is a global provider of financial services software and software-enabled services to more than 6,900 companies.
The acquisition price was $95 million.