EX-99.1
5
dp57791_ex9901.htm
EXHIBIT 99.1
Exhibit 99.1
Acquisition establishes leading global provider with more
than 10,000 customers worldwide; Combined revenues approximate $1.2 billion with winning combination of leading investment management
software and services
WINDSOR, CT, July 8, 2015 (PR NEWSWIRE)
- SS&C Technologies
Holdings, Inc. ("SS&C") (Nasdaq:SSNC), a leading global provider of financial services software and software-enabled
services, today announced it has completed its acquisition of Advent Software, Inc. ("Advent"), a leading provider
of software and services for the global investment management industry.
Advent has more than 4,300 customers including asset managers,
hedge funds, fund administrators, prime brokers, family offices and wealth management advisory firms, located across more than
50 countries worldwide. With more than 1,200 employees worldwide, Advent generated revenues of $397 million for the 12 months ended
December 31, 2014.
Under the terms of the merger agreement, Advent stockholders
will receive per share consideration of $44.25. The merger consideration is approximately $2.63 billion (including the assumption
of Advent's existing debt). SS&C financed the acquisition, the refinancing of loans outstanding under our existing credit
agreement, repayment of Advent's existing debt and the payment of related fees and expenses with:
·
commitments and borrowings under new senior secured credit facilities in an aggregate principal amount of $2.63 billion,
including syndicated term loans and revolving credit facilities provided by a syndicate of lenders, with Deutsche Bank AG New
York Branch acting as administrative agent;
·
approximately $500 million of the net proceeds from the issuance of $600 million aggregate principal amount of SS&C's
5.875% notes due 2023;
·
approximately $400 million of net proceeds from the offering of 12,075,000 shares of SS&C common stock; and
·
cash balances.
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 10,000 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 $44 trillion in assets. SS&C's technology and services helps firms minimize risk, work together
seamlessly, and discover new opportunities in a constantly evolving world.
Additional information about SS&C (NASDAQ: SSNC) is available
at www.ssctech.com.
Follow SS&C on Twitter, Linkedin and Facebook.
For more information
SS&C Technologies
Patrick Pedonti
Chief Financial Officer
Tel: +1-860-298-4738
E-mail:
InvestorRelations@sscinc.com
Justine Stone
Investor Relations
Tel: +1- 212-367-4705
E-mail:
InvestorRelations@sscinc.com
SS&C Technologies
80 Lamberton Road Windsor, CT 06095 USA
Tel +1-800-234-0556 +1-860-298-4500
Fax +1-860-298-4987 E-mail
"This is an exciting time for SS&C and Advent's
customers,employees and shareholders" said Bill Stone, SS&C Chairmain and Chief Executive Officer. "SS&C has
a long history of successful integrations, and we are confident that Advent's products, services, and dedicated employees
will enhance SS&C's overall offering, improving the customer experience for over 10,000 financial services organizations
worldwide. In an industry where big banks dominate the market, SS&C, together with Advent, is the independent, technology-driven
alternative, able to provide nimble services and complete transparency throughout the front, middle, and back office operations".
Morgan Stanley and Deutsche Bank acted as financial advisors
and Davis Polk & Wardwell acted as legal advisor to SS&C.
Qatalyst Partners acted as financial advisor and Wilson Sonsini
Goodrich & Rosati acted as legal advisor to Advent.
Forward Looking Statements
This release contains forward-looking statements
within the meaning of the U.S. federal securities laws. All statements contained herein that are not statements of historical
fact are forward-looking statements, including, without limitation, statements regarding future financial performance, funding
requirements and liquidity; management's plans and strategies for future operations, including statements relating to anticipated
operating performance, cost reductions, competitive strengths or market position, acquisitions and related synergies; growth,
declines and other trends in markets we sell into; the anticipated impact of adopting new accounting pronouncements; the anticipated
outcome of outstanding claims, legal proceedings, tax audits and other contingent liabilities; foreign currency exchange rates
and fluctuations in those rates; general economic conditions; assumptions underlying any of the foregoing; and any other statements
that address events or developments that we intend or believe will or may occur in the future. Without limiting the foregoing,
the words "believes", "anticipates", "plans", "expects", "estimates",
"projects", "forecasts", "may" and "should" and similar expressions are intended
to identify forward-looking statements, although not all forward-looking statements are accompanied by such words. Forward-looking
statements
SS&C Technologies
80 Lamberton Road Windsor, CT 06095 USA
Tel +1-800-234-0556 +1-860-298-4500
Fax +1-860-298-4987 E-mail
are not guarantees of future performance and actual results may
differ materially from those envisaged by such forward-looking statements. The factors discussed under "Item 1A. Risk Factors"
included in SS&C's Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the SEC on February
26, 2015, among others, could cause actual results to differ materially from those indicated by forward-looking statements made
herein and presented elsewhere by management from time to time. You should not place undue reliance on any such forward-looking
statements. Forward-looking statements speak only as of the date of the report, document, press release, webcast, call or other
communication in which they are made. We expressly disclaim any obligation to update our forward-looking statements, whether as
a result of new information, future events or circumstances, or otherwise, except as required by law.
SS&C Technologies
80 Lamberton Road Windsor, CT 06095 USA
Tel +1-800-234-0556 +1-860-298-4500
Fax +1-860-298-4987 E-mail

EX - 99 . 1 5 dp57791 _ ex9901 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 Acquisition establishes leading global provider with more than 10,000 customers worldwide ; Combined revenues approximate $ 1.2 billion with winning combination of leading investment management software and services WINDSOR , CT , July 8 , 2015 ( PR NEWSWIRE ) - SS & C Technologies Holdings , Inc . ( " SS & C " ) ( Nasdaq : SSNC ) , a leading global provider of financial services software and software - enabled services , today announced it has completed its acquisition of Advent Software , Inc . ( " Advent " ) , a leading provider of software and services for the global investment management industry . Advent has more than 4,300 customers including asset managers , hedge funds , fund administrators , prime brokers , family offices and wealth management advisory firms , located across more than 50 countries worldwide . With more than 1,200 employees worldwide , Advent generated revenues of $ 397 million for the 12 months ended December 31 , 2014 . Under the terms of the merger agreement , Advent stockholders will receive per share consideration of $ 44.25 . The merger consideration is approximately $ 2.63 billion ( including the assumption of Advent 's existing debt ) . SS & C financed the acquisition , the refinancing of loans outstanding under our existing credit agreement , repayment of Advent 's existing debt and the payment of related fees and expenses with : · commitments and borrowings under new senior secured credit facilities in an aggregate principal amount of $ 2.63 billion , including syndicated term loans and revolving credit facilities provided by a syndicate of lenders , with Deutsche Bank AG New York Branch acting as administrative agent ; · approximately $ 500 million of the net proceeds from the issuance of $ 600 million aggregate principal amount of SS & C 's 5 . 875 % notes due 2023 ; · approximately $ 400 million of net proceeds from the offering of 12,075,000 shares of SS & C common stock ; and · cash balances . 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 10,000 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 $ 44 trillion in assets . SS & C 's technology and services helps firms minimize risk , work together seamlessly , and discover new opportunities in a constantly evolving world . Additional information about SS & C ( NASDAQ : SSNC ) is available at www.ssctech.com . Follow SS & C on Twitter , Linkedin and Facebook . For more information SS & C Technologies Patrick Pedonti Chief Financial Officer Tel : + 1 - 860 - 298 - 4738 E - mail : InvestorRelations@sscinc.com Justine Stone Investor Relations Tel : + 1 - 212 - 367 - 4705 E - mail : InvestorRelations@sscinc.com SS & C Technologies 80 Lamberton Road Windsor , CT 06095 USA Tel + 1 - 800 - 234 - 0556 + 1 - 860 - 298 - 4500 Fax + 1 - 860 - 298 - 4987 E - mail " This is an exciting time for SS & C and Advent 's customers , employees and shareholders " said Bill Stone , SS & C Chairmain and Chief Executive Officer . " SS & C has a long history of successful integrations , and we are confident that Advent 's products , services , and dedicated employees will enhance SS & C 's overall offering , improving the customer experience for over 10,000 financial services organizations worldwide . In an industry where big banks dominate the market , SS & C , together with Advent , is the independent , technology - driven alternative , able to provide nimble services and complete transparency throughout the front , middle , and back office operations " . Morgan Stanley and Deutsche Bank acted as financial advisors and Davis Polk & Wardwell acted as legal advisor to SS & C . Qatalyst Partners acted as financial advisor and Wilson Sonsini Goodrich & Rosati acted as legal advisor to Advent . Forward Looking Statements This release contains forward - looking statements within the meaning of the U . S . federal securities laws . All statements contained herein that are not statements of historical fact are forward - looking statements , including , without limitation , statements regarding future financial performance , funding requirements and liquidity ; management 's plans and strategies for future operations , including statements relating to anticipated operating performance , cost reductions , competitive strengths or market position , acquisitions and related synergies ; growth , declines and other trends in markets we sell into ; the anticipated impact of adopting new accounting pronouncements ; the anticipated outcome of outstanding claims , legal proceedings , tax audits and other contingent liabilities ; foreign currency exchange rates and fluctuations in those rates ; general economic conditions ; assumptions underlying any of the foregoing ; and any other statements that address events or developments that we intend or believe will or may occur in the future . Without limiting the foregoing , the words " believes " , " anticipates " , " plans " , " expects " , " estimates " , " projects " , " forecasts " , " may " and " should " and similar expressions are intended to identify forward - looking statements , although not all forward - looking statements are accompanied by such words . Forward - looking statements SS & C Technologies 80 Lamberton Road Windsor , CT 06095 USA Tel + 1 - 800 - 234 - 0556 + 1 - 860 - 298 - 4500 Fax + 1 - 860 - 298 - 4987 E - mail are not guarantees of future performance and actual results may differ materially from those envisaged by such forward - looking statements . The factors discussed under " Item 1 A. Risk Factors " included in SS & C 's Annual Report on Form 10 - K for the year ended December 31 , 2014 , as filed with the SEC on February 26 , 2015 , among others , could cause actual results to differ materially from those indicated by forward - looking statements made herein and presented elsewhere by management from time to time . You should not place undue reliance on any such forward - looking statements . Forward - looking statements speak only as of the date of the report , document , press release , webcast , call or other communication in which they are made . We expressly disclaim any obligation to update our forward - looking statements , whether as a result of new information , future events or circumstances , or otherwise , except as required by law . SS & C Technologies 80 Lamberton Road Windsor , CT 06095 USA Tel + 1 - 800 - 234 - 0556 + 1 - 860 - 298 - 4500 Fax + 1 - 860 - 298 - 4987 E - mail