SS&C Technologies Holdings
has agreed to buy Intralinks Holdings Inc. from Siris Capital Group LLC affiliates in a cash-and-stock deal worth about $1.5 billion.
The financial-services software provider said Thursday it would pay $1 billion in cash and $500 million in SS&C stock.
Windsor, Conn.-based SS&C said Frank Banker, Siris’s co-founder and managing partner, will join SS&C’s board in connection with the deal, which is expected to close in the fourth quarter.
Intralinks is a financial-data provider focused on assisting customers with deal making, capital raising and investor reporting. For the year ended June 30, Intralinks reported sales of $325 million and adjusted earnings before interest, taxes, depreciation and amortization of $132 million.
SS&C, founded in 1986, is an investment software provider for financial services and health-care companies.
SS&C shares rose 2% to $56.26 in Thursday trading.
Write to Kimberly Chin at [email protected]